Expectations Last week we could perfectly see how "Sell rumours, buy facts" work. Well, for now we´ve only seen the "Sell rumours" part... US Dollar index climbed from the lows of the week after testing the uptrend line and, after the verbal intervention of one of the FED voting members, SPX500 index plunged. Obviously, many people talked about the...
DXY Dollar Index, after V-Projection, it could turn down again, to 94.9x Area.
Hello Traders, Here we have 2 converging Wolfe Wave's where the smaller Wolfe Wave completing at the 1-4 line creates point 5 of the engulfing Wolfe Wave. The 5' line is in play but it is rather unlikely in this scenario.
Dollar might go down, It doesn't seem so bullish anymore. Going long might be a bad idea unless it gives a confirmation. Betting against the trend is usually not a good idea. But always try to keep in mind that the trend might have been reversed