piphunters
Short

US DOLLAR INDEX: Expected to weaken further

FX:USDOLLAR   Dollar Index
892 13 29
The dollar index             is expected to weaken further to complete a C in the current corrective structure and find bottom there, a break out of the current expanding wedge can signal a completion of the overall correction and raise the possibility of the start of new up trend as an impulse.

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expecting short on DXY and then buy for longer term
agree mate but not expecting this much low
+1 Reply
piphunters Wave-Trader
thanks, let's see, I am going for a lower low because we may finish the larger corrective structure within this year and start the up trend.
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BrunoSalles piphunters
what is "BO" (break over) ? Thanks a lot
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piphunters BrunoSalles
break out
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BrunoSalles piphunters
Thanks a lot =)
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piphunters BrunoSalles
my pleasure
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yup up trend is 100% confirmed it will start but after finishing this corrective structure lets see when this gonna finish.
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piphunters Wave-Trader
yes, probably the C wave of a simpler ABC is now going down and if don't get a complex correction it'll go boom up
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snapshot
yup agree mate i am seeing flat correction are you on the same side i think you are looking for the deeper correction ya.
+1 Reply
piphunters Wave-Trader
good trading
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