An impulsive wave (first wave extension)
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A follow up on my previous post on DXY. I will label the leading expanding diagonal as wave 1 and the first wave extension of an impulsive wave. I have counted a 5 wave structure for wave 3, a small wave 4 and a contracting ending diagonal for wave 5.
Wave 3 is 0.618 of wave 1 and wave 5 is 0.764 of wave 3. I believe retracement has begun and should end at the end of wave 4 in the region of 105.225
Wave 3 is 0.618 of wave 1 and wave 5 is 0.764 of wave 3. I believe retracement has begun and should end at the end of wave 4 in the region of 105.225
Nota
Another ending target can be 0.236 retracement of the impulsive wave, which is at 105.613 ... let's see!
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