As we can see from the chart , we are moving side way . the question is , whats is going to happen in next weeks or months ? to answer this question , we have 3 options , either: 1- We already finished 4th wave and we about to form an impulsiv 5 waves up and go for wave 5 .or 2- we didnt finish wave 4 yet and it maight be a triangle in a Double 3 WXY . or 3- we will continue Triple 3 -WXYXZ in the 4th wave .
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IMPULSIVE 5TH WAVE
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daily interval
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Comments
saif12
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I got out myself at 103.5 right at the top. There will be 1-2 weeks consolidation, and will start again up. I am expecting 2-3 cent reverse and then I may get in again at 101, at least this is what I am seeing in my DXY chart.
hussain9
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@saif12, nice trade , wish u the best. We touched the 161.8 % febo of 3rd wave :
saif12
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Nice work, I think the first scenario has the highest probability, 4th wave is about to finish, it is a matter of days, or few weeks to start seeing wave 5 starting, and it will be (i- v) wave which will last 2-3 years. I do not see the consolidation stage lasting years or even months. rather it will be days, or few weeks.