A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside.
Here we have a perfect setup for a bullish move.
1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a target. 2. The smaller Wolfe Wave in the triangle also gives a signal of bullish moves ahead.
If you'd like to learn more about the Wolfe Wave and Geo's Off-Set rule you can visit the links below: