U.S. Dollar IndexUpdated DXY Hidden Map 🗺
Hello traders,
Will start our analysis with the US index which will help us identify market movements for the major currency pairs.
By looking at DXY we are expecting a Zigzag pattern to be formed. According to Elliot Waves, a Zigzag pattern has 3 waves labeled A,B, and C where Wave A= 5 subwaves, Wave B= 3 subwaves, and Wave C = 5 subwaves. We can see that we have finished wave A and made 5 clean moves. We are now in wave B which is going to be 3 moves opposite to wave A.
Will start our analysis with the US index which will help us identify market movements for the major currency pairs.
By looking at DXY we are expecting a Zigzag pattern to be formed. According to Elliot Waves, a Zigzag pattern has 3 waves labeled A,B, and C where Wave A= 5 subwaves, Wave B= 3 subwaves, and Wave C = 5 subwaves. We can see that we have finished wave A and made 5 clean moves. We are now in wave B which is going to be 3 moves opposite to wave A.
Note
DXY 12H - After each 5 moves, we should see 3 waves in the opposite direction Note
DXY 8H - On what we will be looking 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.