Dxy currently expanding into the 4th leg of the macro bearish Elliot wave
Looking for distro within the green lines then retrace down for the last drop down to the 5th leg
Elliot wave combined with harmonics perspective
Dxy expansion means
Usdxxx pairs are bullish
Xxxusd pairs are bearish (yes that includes crypto ;)
Then once dxy makes the lower high it will start to retrace meaning
Usdxxx pairs will be bearish
Xxxusd pairs will be bullish ( and yes that means crypto :)
Looking for distro within the green lines then retrace down for the last drop down to the 5th leg
Elliot wave combined with harmonics perspective
Dxy expansion means
Usdxxx pairs are bullish
Xxxusd pairs are bearish (yes that includes crypto ;)
Then once dxy makes the lower high it will start to retrace meaning
Usdxxx pairs will be bearish
Xxxusd pairs will be bullish ( and yes that means crypto :)
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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.