INDEX:DXY   U.S. Dollar Index
290 7 55
The DYX looks like a 3 wave correction which could turn into a downtrend will be selling in pullback
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move down?
+2 Reply
Anil, do you use trend line in your analysis?
+1 Reply
I will watch for this move
Reply
Agreed!
I noticed the opposite in the gold chart, and then in the Euro and usdjpy.
My time target is something like 7 daily bars for gold, before a reversal.
+1 Reply
cant ruleout testing of red line...!!!!!!!!!!!
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yes most possible.. i have similar view... watching fib lvls... n wedge brkdown..
+1 Reply
Yes and the correction can be a complex pattern of it's own on a lower degree .This is just a simple view of what I am EXPECTING .We do more detail analysis in out PROWAVE trading room.
+4 Reply
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