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JjohnsonBeGreat
Jan 17, 2019 4:42 PM

US Dollar/ Gold Elliot Wave Directional Forecast 

U.S. Dollar Currency IndexTVC

Description

I am looking for some weakness in the US Dollar Index and for Gold to gain some strength as it breaks out of structure.
Comments
jeffreyjim
"DXY" --- One of several "Elliott Wave Counts" to think about at this time -- 1-18-2019
Wave "C" of Wave 2 up started on September 21, 2018 at 93.81 -- for this Wave Count to be correct at this time this low must hold.
Could be ? in Wave 3 of Wave "C" up ? -- When Wave "C" up completes. (Ends) -- This would complete Wave 2 up.
"Can Not" trade above the January, 2017 high at $103.82 -- or trade below 1-10-2019 low at 95.03 for this Wave Count to be correct. (at this time)
Wave 2 up started on 2-16-2018 at 88.25 --- Wave "A" and Wave "C" of Wave 2 up would be equal at 102.54
Second Waves "Can" retrace up to 100 % of Wave 1
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"My" opinion is -- 66.7 % or better chance of being correct ? --- at this time ?
"DXY" will take out the March, 2008 low at 70.70 -- before it takes out the January, 2017 high at $103.82
For information only --- Could be "100 %" wrong. --- "Do Not " -- forget -- If "Plan A" fails -- Go to "Plan B"

Let's see what happens
"One Eye Jim"
jeffreyjim
"Thanks" for the "Post" --- Will be very interesting to see how this works out.
I am also watching this. --- "Got to Love It"

"One Eye Jim"

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