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VulcanoRosso
Dec 14, 2018 3:26 PM

DXY's Last Breath? Short

U.S. Dollar Currency IndexTVC

Description

Expecting a strong breakdown for DXY.
Still more more upside is possible before a big drop.
Downside Target : 81-82 in 2020.
Good Luck.

Order cancelled

Comments
jeffreyjim
"DXY" --- Sharing My thoughts --- 12-14-2018
The March, 2008 low at 70.70 started a very large A-B-C correction up.
The January, 2017 high at 103.82 ended the A-B-C correction.
The January, 2017 high at 103.82 started a "5 Wave" move down.
This "5 wave" move down should end below the March, 2008 low at 70.70
This should happen before the end of 2023 --- My opinion
Wave 1 down started on January 3, 2017 at 103.82 and ended on February 16, 2018 at 88.25
Wave 2 up started on February 16, 2018 at 88.25
Wave A of Wave 2 up ended on August 15, 2018 at 96.98
Wave B of wave 2 up ended on September 21, 2018 at 93.81
Wave C of Wave 2 up started on september 21, 2018 at 93.81
Wave A and Wave C of Wave 2 up would be equal at 102.54
Wave 2 up should end between 100.51 and no higher than 103.82 --- 66.7 % or better chance this will happen "My" opinion
Remember Wave 2 can "Never" retrace more than 100 % of Wave 1
This is for information only --- Trade at your own risk

"Good Luck" --- U.S.A.
"One Eye Jim"
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