AndyM
Long

Possibly a flat correction, and then a lot of upside in DXY

TVC:DXY   US DOLLAR CURRENCY INDEX
201 0 12
8 months ago
Folks at EWI             tend to favor a triangle in this setup, but I think a flat correction is also very likely. We have something that resembles a lot an ending wedge in C, and it started near the very top of A. The wedge in C is incomplete, still one subwave in 5 is missing - needs to be completed this week.

Just keep in mind that the potential of the upward movement that will follow may me larger than what's currently expected.
8 months ago
Comment: The wedge now looks complete, and the first impulsive movement upwards has started. Watch for the first impulse and a pullback, then go long.
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