DXY - Every Move Explained 🤓
In June 2021, DXY started its bull run and has been making very clear price action. We have 2 different price action we can see in this chart.
Impulse Wave - Where price moves heavily in one direction
Corrective Wave - Where price has been creating a 3 wave corrective move for another move higher
All this is encompassed in the wider 5 wave impulse (motive) wave. One of the rules of this 5 wave impulse is that wave 3 is almost always the longest - I say almost as there's a variation where the 5th wave can be extended. Another one of the rules is that wave 4 cannot overlap wave 1 - which it hasn't. All rules have been followed so far and now that we are in the 5th wave, we are expecting this impulse to surpass the recent highs.
As mentioned in the chart, bullish DXY = USD/XXX LONG and XXX/USD SHORTS.
See below for our private DXY chart where our short targets have been met perfectly:
Goodluck and as always, trade safe!
Impulse Wave - Where price moves heavily in one direction
Corrective Wave - Where price has been creating a 3 wave corrective move for another move higher
All this is encompassed in the wider 5 wave impulse (motive) wave. One of the rules of this 5 wave impulse is that wave 3 is almost always the longest - I say almost as there's a variation where the 5th wave can be extended. Another one of the rules is that wave 4 cannot overlap wave 1 - which it hasn't. All rules have been followed so far and now that we are in the 5th wave, we are expecting this impulse to surpass the recent highs.
As mentioned in the chart, bullish DXY = USD/XXX LONG and XXX/USD SHORTS.
See below for our private DXY chart where our short targets have been met perfectly:
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
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.