Description
⋅ Corrective move up on DXY - potential triangle into ending diagonal - which points into a violent trend reversal.
Alternate view with invalidation at 100.27
Comment
⋅ High should remain intact, so watching for more strength on GBPUSD and EURUSD by EOM and forward.
Comment
⋅ Barely a new high but the move down is clearly impulsive. (Part of?) a flat correction should be completed here.
Nice reaction so far on the first level of support. EURUSD should turn down which is inline with some kind of recovery on DXY after 5 waves down.
Comment
⋅ Clear impulsive move up. Some pullback to be expected again.
Closing this thread.