It looks like the new impulse up is underway as we broke above the 92.50 (wave 1 of wave 5 in wave C of wave (4)). The target for the last wave 5 up is set at the 61.8% of waves 1-3 distance and is located at the 107.60 level. It is below the upside of an uptrend and looks achievable.
may be it is where old will shine . A break dow will a signe
Hello all, back at my weekly update and so far so good, all the movement that we were expecting as per the triangles and the resistance lines followed the script.. but now there has been a minor break of the triangle, could be a false break as I am expecting it to retrace back to the 0.45-0.46 level and then start its journey upwards.. A daily close above the 0.52...
The risk of falling prices due to the development of a ending diagonal pattern
There's two competing counts that are viable, and whilst there's much to occur to eliminate one over the other, I'm siding with the wave 4 top and down in wave 5 to complete the larger pattern. The alternate is reasonably cleanly marked in Blue.
Based on past 1M regressional analysis (neutral RSI = 49.761, ADX = 32.900, CCI = -23.1942, Highs/Lows = 0.000), mirror patterns usually occur on DX over long periods of time. Same recurring patterns are expected on the 1D time-frame, which is now bullish (even overbought on RSI = 77.665) looking for its first Resistance since its uptrend started (since March 27)...
This 5 wave decline maybe finishing. But be cautious of trump. He can make this decline lower :D Beware of dolar bear trump. :D Watch for reversal. gOOD luck.
The touch inside the previous degree wave i, required the count to change. Either it's proven that the bottom is already in and we're in wave iii of 1 of 3 higher already, Or, as this chart suggests, we're only now completing the larger degree wave 4 and starting wave 5 of C down into the final bottom. The 93 and 95 levels are important ones to keep an eye on....
Price is yet to breakout of this latest congestion zone and allows for two competing counts. The chart has the easiest description pictorially...with the WXY for the wave 4 of the major wave ii of 3/B bottom, Or, we already have the wave ii of 3/B bottom in place at the mid Feb low completion. Both counts look for strong upside into 2019, just timing of...
If #dx #usindex can clear the mod schiff median it gets quite bullish - target the ABCD 1:1 confluence of regular fork median & mod schif UP
I did have a very similar headline recently and whilst it was near the 4 high, this internal wave ii offers another potentially last one that covers both the micro and intermediate degree within the wave 5. On the larger degree it's important to note this is wave 5 of wave ii of 3/C. Regardless of the 3 or C counts, they both suggest into 130+ in the next couple...
DXY could be in the last wave of the corrective structure before another big drop. Current position is wave 4 of c of C of (4). Short term weakness shouldn't fool you and I expect wave 5 to come and lift the index higher at least to the 91.50 where wave c=a, after that we should be cautious as another big drop would come It is quite useful to...
DXY is in the zone for a C wave completion of the larger wave 4 Triangle. An Alternate count would have it as a Flat or developing expanded Flat. In either case wave 4's are designed to obfuscate and trivialize opinions...my suggestion is be flexible as this 4 should knock out the bulls and build bears by the time the wave 5 is complete in time for an important...
The Dollar DXY and DX are now down into at least the middle of this internal wave iii of v. Whether there's an extra set of lower degree 3's and 4's to deal with is yet to be seen, however, the chart says it best.
The wave C of 4 is right into the target zones and unless punches through 91.01-20 zone I'll be looking lower in wave 5 of C of ii. What follows is a powerful wave iii of 3 which should really test people's will by the time it's done.
Price looks to be in the early stages of forming the wave c of 4 before down in wave 5 to complete the larger pattern wave C of ii...the ii is wave ii of 3 and a very bullish setup on the monthly basis. This 4hr chart just gives a little better view of the internals generally required for completion. Over 92-93 would shift the count into a directly higher wave 3...
The US Dollar Index DXY/DX count has price in the final leg of the wave 3. Which leaves only one more set of 4 and 5 remaining once this 3 is complete possibly down in the 89 zone....with 5 completing in the 88.50-88 as the primary target to complete a much larger degree pattern wave C of ii. Alternately, this could be just wave iii of 3 that requires an...
This little pop down completes a clean 5 waves for the (v) of iii. Alternatively it completes the larger 3, either way it means some volatility in waves iv and v with two iterations to get through for the first and main count. Once this larger wave C of ii is complete, this should be THE Bull market of the next few years.