stanchiam
Long

dollar index showing bullish pattern

INDEX:DXY   U.S. Dollar Index
210 1 1
could be a classic abcde corrective wave B, if so we can expect higher dollar
where the B end depend where the wave c 5 wave end
in common expanded flat abc, the c most of the time will end beyond start of a
in rare cases, wave c fall short in what we call running flat, reason for such occurrence is due to market going too one sided. Good luck and happy piping.

Sincerely,
Stanley Chiam
stanchiam
3 years ago
only thing that bother me is gold, as the count suggest the drop is wave 4 and therefore new high expected, which suggest usdollar will drop to new low first
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