TradingView
PipNibbler74
Sep 12, 2018 10:12 AM

DXY - SHORT c wave of correction pattern Short

U.S. Dollar Currency IndexTVC

Description

As far as I see we are in the middle of a smaller b wave within an abc pattern forming a bigger b wave ending around 96,01 (61,8% of the bigger a wave).

From there it might be a good idea to short again to at least 93,74 (27,2% ext. of the bigger a wave) or even down to 92,85 (61,8% ext. of the bigger a wave)
completing the abc correction pattern and kick of the final c wave of the major abc correction.

This will probably go up to 99,36 (27,2% ext. of the first leg of the weekly impulse.)

Good Luck :-)

Comment

Still valid!

Comments
FXTM
I agree with your idea!
More