ProficientForex

DXY – The probability of the wave completion, for 2 / A wave

TVC:DXY   U.S. Dollar Index


The weekly chart is as follows:
( Weekly Chart )

In the daily chart, with the end of wave B in the range of 102.99, the price has reached the range of 89.20 with 5 descending waves, which has created the scenario that, we may encounter a truncated C wave. In the 240-minute chart, to get the confirmation for this uptrend, the price needs to cross the range of 91.01, which is the end of wave IV.


( Daily Chart )

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