As we can see sounds like we are in a big triangle and we would probably reach for the last leg of it. what i see is a 3 wave down and as shown in picture in wave C we have a divergence between wave 3 and 5 which signals that its probably the end of shorts!!
This analysis is mainly based on chart patters and harmonic Elliot waves! :)
Tell me what u think :)
DXY has touched a demand but as we know 50 % of DXY is EUR included so we have to see how strong that demand is!
But its just an idea after all and i wouldn't trade it unless i see a rejection in supply zone and breakage of the trend line !
I forgot to mention in the video that in an ABC move in a zigzag correction the wave (a) is 99% of the times projected at least till 78 % to create the wave (c) and in this corrective move the projection of wave (a) also end in final 5th wave PRZ so thats even an additional confluence to take shorts :)