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SirajHudda

USDollar Index Possible Wave Count & Road ahead!

Short
U.S. Dollar Index (TVC:DXY)  
SirajHudda  
TVC:DXY   U.S. Dollar Index
DJ FXCM Index DXY short waves Elliott Wave retracement Ending Diagonal
7
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usdollar dxy short waves elliottwaves retracement endingdiagonal
USDollar Index is forming an Ending Diagonal and reached 1.618 Fib Extension from Wave 1 of Wave V. The next move could be a bit of correction towards 98.50 levels and then we could see one more up wave for Wave 5 of Wave V from where we might see a bigger correction. If this count is correct then other pairs would also bottom out when the Dollar Index Tops out which is most likely scenario. I'll closely watch how the price action unfolds.

Any comments or suggestions are welcomed.

Happy Trading!!

Siraj Hudda, CFTe

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