The dollar index completed its bull cycle with 5-elliott waves.
It started its bear cycle with an impulse wave and is currently retesting its previous high.
Furthermore, it has formed a bearish gartley pattern in the due process.
Hence, we expect the index to face resistance here and resume its bearish move.
It started its bear cycle with an impulse wave and is currently retesting its previous high.
Furthermore, it has formed a bearish gartley pattern in the due process.
Hence, we expect the index to face resistance here and resume its bearish move.
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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.