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
, and oil
. Take care. Goodguy