forecast us dollar index real-time INDEX:DXY
Wait and see......Elongated Flat ? The action between the circled points constitutes an elongated pattern within a single segment of a triangle. In other words, the elongation is one degree lower then the degree of the triangle.
The rule of Alternation Waves 2 and 4 typically show alternation between “flat” (sideways) type and “deep” (sharp) corrections. If wave 2 was “deep,” like a zigzag (most typically), then we can expect wave 4 to be a “flat” type of correction: triangle or flat. Waves A and C will alternate most of the time as well. If A is a sharp move that is fast and silky...