dixie

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glennmercer glennmercer PRO DXY, D, Long ,
DXY: USD Ready to pop?  Possible upcoming powerful rally $DXY
147 0 13
DXY, D Long
USD Ready to pop? Possible upcoming powerful rally $DXY

Hey traders, we may have seen the completion of bearish Wave-B last week which means this a potential powerful rally may be forthcoming in the next week or two. Alternatively, a bearish breakout would require a recount. My bias is to the upside despite the political uncertainty.

glennmercer glennmercer PRO DXY, 240, Long ,
DXY: Looking for a Bullish Breakout in the Dixie This Week
106 0 11
DXY, 240 Long
Looking for a Bullish Breakout in the Dixie This Week

Hey traders, I like the USD long this week. However, it may not be until the end of the week until we an capitalize on a bullish breakout. The first level of resistance has not yet been tested. After this level is broken, I want to get long. Cheers

glennmercer glennmercer PRO DXY, 60, Short ,
DXY: $DXY:  Making Sense of the Dixie #eliottwave #EW
187 0 23
DXY, 60 Short
$DXY: Making Sense of the Dixie #eliottwave #EW

Hey Traders, here's an updated count on our beloved Dixie. I like a short in both the short-term and the long-term. We may see a pop on the bottom triangle barrier into wave-(E) of the triangle. Compare this against the other indicies and you'll find some nice trades on USDJPY and AUDUSD. Cheers

Nathanael Nathanael DXYN, 240,
DXYN: Looking for a Dixie Group Bottom
152 0 3
DXYN, 240
Looking for a Dixie Group Bottom

This is a textbook Elliot wave impulse move to the downside with clear alternation. We are clearly on a wave 5, however, I'm not quite sure if we have completed the wave yet. It appears to be close to popping out of the channel, which suggests sellers are drying, but usually wave 5 is equal to the length of wave 1, so I'm waiting to see what happens after ...

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