goodguy
Short

Short term follow up on the US Dollar Index

INDEX:DXY   U.S. Dollar Index
dxy
103 4 1
dxy
Yesterday I thought maybe the approximately 50% longer term correction in the US Dollar             might be over. But after today it is obvious that was wishful thinking. So here is my EWT             view of the last day. The longer term 50% correction mark is actually 97.27 which has not yet been hit so there is still a chance my original view is correct. We should know in the next couple of days. Of course all predictions are speculative. A view of possibilities. Will be interesting to see what happens during the rest of the week.

I use my own simplified way of numbering. No offence to the usual way it is done. I just find this easier for me. See the older charts to get the larger picture if you are interested.
To me this is especially important as it usually effects the price of gold             , silver             , and oil             . Take care. Goodguy
just go long
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goodguy PRO Recluse82
Appreciate any advise. Well almost any. Can you explain why?
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Recluse82 goodguy
because broke out dollar index
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goodguy PRO Recluse82
Thanks for the feedback. AND YOU WERE RIGHT. I have problems distinguishing a little overshoot that often occurs at an expected target or trend line and a break out. Have a great weekend. Bye the way what is that drawn on the chest X ray? I'm curious.
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