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Trading_Tony

Possible ABC FLAT - We could be set for a large wave 3 lower

Short
U.S. Dollar Index (TVC:DXY)  
Trading_Tony  
TVC:DXY   U.S. Dollar Index
Trend Analysis Wave Analysis Technical Indicators USDJPY EURUSD federalreserve USD DXY
10
4
trendanalysis waveanalysis indicator usdjpy eurusd federalreserve usd dxy
Playing around with some Elliott Waves theory.
We have seen a 5 wave structure from the major highs to form wave 1.
We could be set for a large wave 3 structure lower after an ABC flat corrective wave.

Large money printing from the FED could cause a decreased demand for USD.

If we are over the corona-virus scare there will also be a decreased demand for the 'safe haven' USD.

What is everyone's thoughts on this setup?
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