SDX1! trade ideas
Elliot Wave on DXYWe can see clearly a elliot wave forming on Dolar index, ending this retracement leg, and moving to the next expansion which will lead to 90.400 area.. let's see.
This is not a trade, just a movement that will reflex on every dollar pair..
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Da para ver claramente uma formação de onda de elliot no indice dólar, terminando essa retração atual e se movendo para a próxima expansão até a área de 90.4000... vamos ver.
Não é uma idéia de trade, é somente um movimento do índice, que reflete o movimento do dólar contra/favor dos outros ativos.
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DXY on its way to 90Last C wave from 89 to 93 was C wave in ABC correction on bearish trend. Now we are forming wave 1 in new 12345 bearish move. This one might be both a 1 of 5 and 1 of 1. Anyway we will see correction ABC waves from 89-90 as 2 of 5 or 2 of 1. I marked those ABC waves as a default, but corrections never play it simple. I am waiting for wave A and will SELL EUR/USD holding it till 1.197. You must be a brave person to trade correction, but this one is simple.