Wow. What a run? DXY has rallied from just over 100 to nearly breach 105, when everyone thought, ITS DEAD.
NOW, let's see if we can get completion to our intermediate 12345 count for Primary C of cycle b, and then we can start looking downward.
I held out for the Minor 5 of Intermediate 3, and at best I have truncation, BUT a beautiful pattern. Since the structure is sensible and this rally is counter trend with extremely negative sentiment, I am buying truncation. ONLY thing left is our hopeful intermediate 5 into the target box, and maybe even beyond, if there is any type of catalytic confluence of fundamentals.
Hope this has been helpful and thanks for following. I will continue to post updates on this index, and also will continue coverage of NQ1 and Target stock for the foreseeable future.
NOW, let's see if we can get completion to our intermediate 12345 count for Primary C of cycle b, and then we can start looking downward.
I held out for the Minor 5 of Intermediate 3, and at best I have truncation, BUT a beautiful pattern. Since the structure is sensible and this rally is counter trend with extremely negative sentiment, I am buying truncation. ONLY thing left is our hopeful intermediate 5 into the target box, and maybe even beyond, if there is any type of catalytic confluence of fundamentals.
Hope this has been helpful and thanks for following. I will continue to post updates on this index, and also will continue coverage of NQ1 and Target stock for the foreseeable future.
Note
Oh, yea, just a reminder, on structure, WE STOPPED JUST SHORT OF THE .382 (.014, to be exact), so that is another reason I like this for the Intermediate (4), whether its labeled correctly for a truncated Minor 5 or a degree off and that is only an Intermediate ABC, leading in, the bottom of Intermediate 4 should be right.Note
Moved the fib to the unorthodox wave 3 top assuming truncation, which gives us a little more room down to 103.10. Under that, and I have questions re more upside. Notice a lot of bullish sentiment in the market, though.
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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.