DXY Wave count
DXY completed a five-wave decline on the daily chart and is now in an ABC corrective phase upward. The initial target for wave C is the 100% extension of A=C at 108.489. Currently, wave-3 of wave-C is unfolding and nearing completion, soon to be followed by a downward wave-4. This wave-4 could last several weeks, during which our 1-2 setups for alternative assets might complete before DXY's wave-5 ascends. This rise could prompt a downward wave-4 in the 1-2 setups for alts.
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