peterdcharlebois

DXY US Dollar Index - at a crossroads

TVC:DXY   US DOLLAR CURRENCY INDEX
With Elliott wave , one must remain certain that more than one outcome is possible. A lot of EW technicians (and others for that matter) often do the opposite and become too certain of only one outcome. Some of my best trades have been when I have placed a STOP and REVERSE order at the point where I am wrong about the direction. (Hard to do with my ego hahahaha). Having said that we could see a pause here and potentially a reversal (or a little bounce) but the downside has room to run. I'm watching those support lines in red, as I look for trades on USD pairs. A move above 96.35 does suggest a bottom may have formed for now.
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