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Cross10XSignals
Sep 26, 2022 1:06 PM

DXY Elliott Wave Count 1M TF 

U.S. Dollar Currency IndexTVC

Description

This is my macro view using elliott wave theory.
The count starts from march 2008 when we have first impulse up wave 1 (red) ended in march 2009 than untill april 2011 we have a flat correction for wave 2 (red).
After we have another impulse that probbly is the start of the 3rd wave black count with a 4th wave expending triangle and now we are into 5th wave of the black count that is the extended wave.
Probably it ended the 3rd wave (blue count) of this extended 5th as the price already has hit 1.618 fib extension 1 vs 2 (blue count), also we have an important trend line that connects wave 1 (red count) with 3rd wave (black count) and wave d from the expended triangle (blue count). At small time frame the price has a rejection in this trend line.
Probably the price will make a correction for this 4th wave from this extended 5th wave (blue count) and will give BTC some oxigen to go up, but the price must stay above 103 as it must stay above 1st wave (blue count).
So I am short on DXY for this 4th wave(blue count).
Comments
arh1355
yes and very good
peterbhc
DXY may have a crypto style blow off top here soon?
Cross10XSignals
@peterbhc maybe as had hit that trend line and also 1.618 Target for a 3rd wave
Cross10XSignals
@peterbhc it may do a consolidation as wave 4th before break this trend line
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