AynCzubas
Long

USD Index Potential Bullish Triangle Thrust

INDEX:DXY   U.S. Dollar Index
112 9 1
Potential bullish triangle. Void if index breaks below 96.17. The timing and ending levels of prospective "D" and "E" waves are hypothesized based on equal time cycles among peaks and among lows, and assuming .786 proportions for "D" of "B" and for "E" of "C" (following from the "C" wave's actual .786 proportion of "A"). Based on this, potential for minimum upward thrust to 101.50 level.

Update 4/28: The 96.17 level has been broken to the downside. If this will still develop as a triangle, I will now have to take the view that the ABC             waves thus far have been the component waves of one larger "A" wave.
Wave "C" has moved slightly lower, decreasing leverage on the the post-triangle thrust estimate and implying the end of wave "E" will occur slightly above the lower trendline rather than below it. Keeping in mind, the expected wave "D" has not occurred yet and is necessary to establish to upper trendline to take an accurate thrust measurement, the origin of wave "A" and the top of wave "B" are for now just used as a general guideline for the upper trendline's angle.

snapshot
Reply
AynCzubas AynCzubas
The 96.17 level has been broken to the downside. If this will still develop as a triangle, I will now have to take the view that the ABC waves thus far have been the component waves of one larger "A" wave.
Reply
Kriscoast its_new_wave
I like this. I have been long since 98.00 But Im adding here. 96.80. Long term bull. Let's see how this works out.
Reply
AynCzubas Kriscoast
Hi Kris, if I were entering a long position at this moment I would put a stop loss at 96.16, as a break below the 96.17 low of wave "A" would negate the bullish triangle view.
Reply
AynCzubas AynCzubas
The tendency after a break below that level would be 1) for "C" to equal "A", and then 2) for the whole correction to reach down into at least the area of the previous 4th wave around 94-95 area.
Reply
Hi. It is a good comparable with EUR/USD. The time cycle for USDX, seems, will the end near the 15th on May.
Reply
AynCzubas its_new_wave
Yeah, it could, if time cycle works out that way.
Reply
AynCzubas its_new_wave
EURUSD Triangle Potential Thrust to Parity in May 2015
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out