DXY possible extended fifth
Here we see an impulse wave which is actually the fifth wave of a larger Elliot wave super-cycle. However instead of an expected correction to the downside I predict that this impulse wave will be an extended fifth coming off the 76.4 fibo level, indicated by the high and the low of this impulse wave. Further encouragement would be the large double bottom shown on the larger timeframes(D1, H4) and other dollar currency pairs showing the same sentiment.
Good luck and follow me for more!
Good luck and follow me for more!
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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.