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bizzythemachine
Dec 4, 2020 4:41 PM
DXY at the end of an Elliott wave with heavy divergence.
Long
TVC:DXY
1D
U.S. Dollar Currency Index
TVC
Description
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Dec 4, 2020 4:41 PM
Long move is coming soon. The Greenback is back!
Trend Analysis
Harmonic Patterns
Chart Patterns
Comments
ahmad_ash123
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Dec 5, 2020 5:39 PM
Hey bro,
Elliott wave ABCDE is a correction move. You're currently showing ABCDE as impulse wave :)
bizzythemachine
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Dec 6, 2020 2:24 AM
@ahmad_ash123
, The Elliott wave is a 5 drive pattern. ABCDE. E is the last leg of the drive. when it gets there expect a reversal.
ahmad_ash123
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Dec 6, 2020 12:29 PM
@bizzythemachine
, Yes but the ABCDE wave is a triangle wave (Contracting, Running, Expanding, etc). For a motive wave it should be a 1,2,3,4,5 wave
rcarter27
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Dec 4, 2020 7:22 PM
I think its going back up as well
bizzythemachine
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Dec 6, 2020 2:25 AM
@rcarter27
, nowhere to go but up. its been taking for weeks now. We at least need a flag or something. So its due for a long move
More
Elliott wave ABCDE is a correction move. You're currently showing ABCDE as impulse wave :)