Chartistry
Short

USDOLLAR | Bearish Wolfe Wave | Targets Defined

FX:USDOLLAR   Dollar Index
Hello Traders,

The US DOLLAR             , which is a basket of major currencies weighed against the USD, is showing signs of weakness after an explosive move to the upside. Here we have 3 potential targets. The first target, and highest probability target, is Geo's Off-Set Rule #3 at point 3, followed by Geo's Off-Set Rule #2 at point 4, and finally the 1-4 target line. Although I expect the 1-4 target line to hit, Geo's Off-Set targets are placed on this chart for visual purpose. What you should be looking for here is consolidation and support at these levels as the index moves to lower depths.

Stay tuned for more updates.

Best,
Chartistry
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