It appears DXY is nearing the end of a down wave. If the blue count above is correct, then DXY is poised to rally back to 106-108.
I can count the minimum waves in place for the downtrend to be completed. There might be another jab lower, but this downtrend is mature and in need of a bounce. Pricing above 105.05 increases the odds this Elliott wave count is playing out.
I can count the minimum waves in place for the downtrend to be completed. There might be another jab lower, but this downtrend is mature and in need of a bounce. Pricing above 105.05 increases the odds this Elliott wave count is playing out.
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