Hello There!
Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008 this is already indicating a high bearish sentiment dynamic that...
WE HAVE 2 SCENARIO
1- FLAT
2-ZIGZAG
IF SCENARIO 1 IS CORRECT = FIRST ABC WAVE IS COMPLETED AND WE WAIT FOR ABC WAVE UNTIL START WAVE A
IF SCENARIO 2 IS CORRECT = WE HAVE 5 WAVE NOW AND SHOULD WAIT FOR COMPLETED 5 WAVE
OK after Wednesdays FED meeting the Dollar found some strength and now looks like it might break out of the 7 week corrective structure (triangle?) Today we get non farms payroll employment figures so we'll see how that effects the dollars progress.
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This is not investment advice but rather for...
