Financial_Wave

Financial_Wave

DXY. In past reviews, we talked about the completion of growth in DXY. We also adhere to this opinion and believe that a correction has begun in DXY. The preferable scenario is to decrease with the target of 104.76p. An update of the high of 114.77p set on September 28 will change the wave structure (red dotted line).

Financial_Wave

ES, the index decline in a five-wave impulse remains the priority scenario. Now the price is in a small wave iii of the impulse and continues to develop a downward movement. Cancellation of the scenario - growth above 3712.

Financial_Wave

We continue to watch the rally in the dollar index. The 5th wave impulse has ended or almost ended, there is a possibility of updating the local maximum at 114.76 with the target of growth to 116.40. The decrease of the index below 110.05 will mean that the correction has begun, and the level of 104.75 will be the first target of the decline.