DXY's Final Leg: Charting the Course to 106
Updated
Recent Achievements:
DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280. Post-achievement, the focus was on determining the subsequent direction of DXY.
Trend Line Breakthrough:
Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking around 104.500.
Correction Wave Insight:
This movement suggests that the correction wave, initiated at 100.617, is not yet complete. It merely finished its first leg at 104.976 and is on course to complete the third leg around 106, manifesting a complex WXY correction wave.
Detailed Wave Analysis:
Potential Corrections:
If Wave B extends deeper, a flat correction might conclude around 105-105.500, leading to a truncated Wave Y, or progress into a more complex correction. This scenario could result in a nested wxy pattern, similar to the main Wave W, aiming for the 106 mark.
Observations & Next Steps:
Continuous monitoring will be in place, with a commitment to providing additional analyses should there be any significant developments.
Post-Correction Predictions:
After completing its correction wave, DXY is anticipated to experience a downturn. Further analysis will be conducted to identify new targets at that juncture.
Invalidation Criterion:
A key invalidation point would be the breach of the price channel. It is always prudent to await retests before drawing conclusions.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280. Post-achievement, the focus was on determining the subsequent direction of DXY.
Trend Line Breakthrough:
Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking around 104.500.
Correction Wave Insight:
This movement suggests that the correction wave, initiated at 100.617, is not yet complete. It merely finished its first leg at 104.976 and is on course to complete the third leg around 106, manifesting a complex WXY correction wave.
Detailed Wave Analysis:
- Formation of Wave W: The journey from 100.617 to 104.976 forms the W wave, which is a wxy wave in itself.
- Main Wave X: A descent to 102.358 represents our main Wave X.
- Progress into Wave Y:
- Wave Y's first leg has concluded, characterized by 5 waves that shape Wave A from Y.
- DXY is currently descending to form Wave B, which, in the primary scenario, is expected to end around 103.800-103.500. Subsequently, Wave C would propel DXY towards approximately 106, completing a Zigzag correction.
Potential Corrections:
If Wave B extends deeper, a flat correction might conclude around 105-105.500, leading to a truncated Wave Y, or progress into a more complex correction. This scenario could result in a nested wxy pattern, similar to the main Wave W, aiming for the 106 mark.
Observations & Next Steps:
Continuous monitoring will be in place, with a commitment to providing additional analyses should there be any significant developments.
Post-Correction Predictions:
After completing its correction wave, DXY is anticipated to experience a downturn. Further analysis will be conducted to identify new targets at that juncture.
Invalidation Criterion:
A key invalidation point would be the breach of the price channel. It is always prudent to await retests before drawing conclusions.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Note
nothing change the same Roadmap but with different labels:Trade closed: target reached
we reached our targets, but I think it not finish yet , we will see 106.7 - 107, before going down.Note
Trade closed: target reached
we going up but not to 107, anyway DXY reach our targets and now it will go down.I will put a new Idea for it
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