The dollar index showed a somewhat complex structure lately and therefore I posted both long and short scenario's.
Let's get back to my post of 4 months ago.
In the above post I explained how I counted the wave structure by means of counting all inner waves.
So far we saw a low after wave 15 which is an extension of 3.
This in combination with the recent bullish price action makes me believe that wave 4 is in place on the daily time frame and we are on our way to a new high.
When we take a closer look at the 1 hour time frame we see the recent bull rally very clear. It seems like we need another leg higher for what I count to be a wave 3 of lesser degree. Once that wave 3 is in place we should see a correction for wave 4 towards the 97.50 zone again.
Updates will follow.
Let's get back to my post of 4 months ago.
In the above post I explained how I counted the wave structure by means of counting all inner waves.
So far we saw a low after wave 15 which is an extension of 3.
This in combination with the recent bullish price action makes me believe that wave 4 is in place on the daily time frame and we are on our way to a new high.
When we take a closer look at the 1 hour time frame we see the recent bull rally very clear. It seems like we need another leg higher for what I count to be a wave 3 of lesser degree. Once that wave 3 is in place we should see a correction for wave 4 towards the 97.50 zone again.
Updates will follow.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.