Short Term Elliott Wave in Dollar Index (DXY) shows incomplete bearish sequence from 4.17.2024 high. Down from there, wave 1 ended at 104.08 like the 1 hour chart below shows. Rally in wave 2 unfolded in a double three Elliott Wave structure. Up from wave 1, wave (w) ended at 104.79 and dips in wave (x) ended at 104.39. Wave (y) higher ended at 105.12 which completed wave ((w)) in higher degree. Pullback in wave ((x)) ended at 104.33 and rally in wave ((y)) ended at 105.18 which completed wave 2 in higher degree.
The Index has turned lower in wave 3. Down from wave 2, wave (i) ended at 104.63 and wave (ii) rally ended at 104.89. The Index then nested lower with wave i of (iii) ended at 104.36. Wave ii of (iii) ended at 104.76. The Index extended lower in wave iii towards 104.14 and wave iv ended at 104.25. Wave v lower ended at 103.99 which completed wave (iii). Near term, as far as pivot at 105.18 high stays intact, expect short term rally to fail in 3, 7, or 11 swing for further downside.
The Index has turned lower in wave 3. Down from wave 2, wave (i) ended at 104.63 and wave (ii) rally ended at 104.89. The Index then nested lower with wave i of (iii) ended at 104.36. Wave ii of (iii) ended at 104.76. The Index extended lower in wave iii towards 104.14 and wave iv ended at 104.25. Wave v lower ended at 103.99 which completed wave (iii). Near term, as far as pivot at 105.18 high stays intact, expect short term rally to fail in 3, 7, or 11 swing for further downside.
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14 days trial --> elliottwave-forecast.com/plan-trial/ and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。