ABC Corrective Cycle is coming to an end soon and with it, a new Bearish Cycle is approaching for DXY.
We are expecting a Consolidation for the 4th Minor Wave withing the Intermediate 5th Wave and Primary Wave C. Once the Cycle is completed, a Major Bearish Divergence will be the best sign and Trigger for the next Recession. Every 8 to 10 years a Recession is expected as per the Cycles. It will take 6 to 12 months for real Recession signs to pop-out but it's worth knowing.
Patience!
USD Index (DXY) - short term SELL - medium term BUY - long term Strong SELL
Komen
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Reversal
Komen
kunsan
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Pleased to see you are counting it as an ABC as nearly everyone is looking for fives. You might consider a bullish alternative that it's a complete abc up to green 3, and that 3,4 is actually a B wave. So it becomes 'A' from 72 all the way up to 100, followed by 'B' (where you have '4'). If so, we are now in a bigger 'C'.
Lionheart-EWA
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@kunsan, That is entirely possible and I agree with what you are saying, thank you, will keep it as an alternate count. Never the less, this should be monitored as we don't have a clear idea on what exactly it's going to do. Even if it is in fact an ABC Corrective, if the C Wave is an extended wave, due to the fact that A had a lot of power and B was limited in its retracement, the final C would not have great chances of breaching through 105, these are my thoughts. Will keep in mind what you just said, it's very useful and thanks again, we shall see. If what you say is true, then that would make the target at 114. If you wish to make some analysis together, you may join me on my website. Cheers and many pips ahead Kunsan.