The DXY seems formed a Leading Diagonal after bottomed at 2021/1/6 with a 3 waves decline (Zigzag) followed by it,
therefore expecting another 5 waves going up to complete a larger degree Wave C (or a Wave 3)
Now the price has reached the level of 618 of the Leading Diagonal,
let's see what will happen in the following weeks
therefore expecting another 5 waves going up to complete a larger degree Wave C (or a Wave 3)
Now the price has reached the level of 618 of the Leading Diagonal,
let's see what will happen in the following weeks
评论:
The price still going down, not changing my overall view at this moment
评论:
The price breaks above the ending point of wave (iv) and the descending trend line, stronger evidence suggested that down trend has ended
评论:
The price continues to go lower, but still, the overall view remains unchanged
评论:
If this is correct, the DXY should go up sharply