Expanding triangle (wave B)
Took a harder look at the DXY chart from October 2022 to end of December 2023. I managed to see a ABC structure with wave 'B' as an expanding triangle. Wave A and wave C can both be labelled as impulsive 5 waves. Wave C is 0.618 of wave A.
We can say that the move from October 2022 to end December 2023 is corrective. And the subsequent move should lead the DXY index higher.
As a follow-up to the post of DXY a week ago, the corrective wave 2 looks complete at 102.8. It should head higher. I know most are bearish or neutral on DXY but I am still bullish on DXY.
We can say that the move from October 2022 to end December 2023 is corrective. And the subsequent move should lead the DXY index higher.
As a follow-up to the post of DXY a week ago, the corrective wave 2 looks complete at 102.8. It should head higher. I know most are bearish or neutral on DXY but I am still bullish on DXY.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.