Share your thoughts and observation in comments session :)
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Komen
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Smaller counts. Price needs to break the support to confirm Wave 2 in the making
Komen
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i think this is how its going to play out
Komen
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Downward trend loosing steam? lets see
Komen
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how beautifully played :)
Dagangan aktif
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2 counts presented. UP for wave 3 or down to complete BC?
Komen
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B to C playing nicely. Lets see what happens from here on
Dagangan aktif
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so far so good. lets go up for now
Dagangan aktif
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has it completed correction (yellow ABC) ? is it doing the RED ABC ? is it going up for the GREEN 12345 ? lets see :)
Komen
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Komen
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lets GO GO GO... GO DOWN !!! :blush:
Komen
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Komen
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Isn't this beautiful ? ::))
Komen
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Komen
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2 counts presented.
Komen
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Komen
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Komen
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Komen
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Komen
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re bouncing soon? lets see
Komen
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Komen
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Komen
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DXY in correction mode. Lets see
Komen
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so far so good. lets go down
Komen
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took some time, but its going down.
Komen
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is it going down ? lets see
Komen
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lets see if this plays out. last push up then down it goes
Komen
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Komen
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DXY USDOLLARS so far so good. Heading down to fill GAP soon, then its going to FLY FLY FLY
sorry for this stupid question but where can I trade this one? (can't find it on oanda or Forex.com)
kunsan
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Very nice charts. I don't agree with your five count upwards because wave 4 overlaps wave 1 (which invalidates the count under Elliot Wave rules). I think it's an ABC up to the peak followed by a B wave. As you say, we might now be rising in fives to complete a larger wave C.
Given the way the US economy is starting to stagnate or weaken, and how the treasury yields have fallen and even interest rate expectations have changed to negative, there is little fundamental reason to see the dollar higher for the moment. However I have a long term target of 82 for EURUSD (EUR is 40% or so of DXY) so this suggests a decline in the Euro (pushing DXY upwards). If Italy decides to exit the Euro (quite possible and that would certainly cause it to decline hard) they are probably waiting to see how Britain gets on with Brexit first. So it might be quite a long time before we see your 110 target.
YIQI
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thanks for update
kunsan
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4 overlaps 1 which invalidates the count. However I agree with your target area, but via an ABC. Your 3 I have as A. Now trading sideways to form B.
rajeh13
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@kunsan, hi thanks for sharing. please share your chart so I can correct my counts. Thanks.