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tomj2417
Oct 18, 2018 2:21 PM

DXY - bullish dollar, but not for long Long

U.S. Dollar Currency IndexTVC

Description

A pretty fanciful count for the Dollar index as the projected C wave is so much longer than the A wave. But I've seen them before and I liked how the Fib numbers seemed to align with one another. The other projected stopping point would be the R1 yearly pivot which is also the 78.6 fib retracement of the move down. Of course, on the flip side what we could be seeing here is a first leg up in a major final up leg for the Dollar. Take your pick.
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