DOLLAR INDEX UPTREND CONTINUE
As the chart show:
1) Double Bottom.
2)Inverted Head and Shoulders.
3) Wave v of wave 3 just started, it'll be strong.
4) Wave count 1 - 2 - 3 may be better replaced with A - B - C, to indicate it is a corrective wave that all Dollar Index history is corrective waves.
5) Each two consecutive waves consumed 3 years to complete.
6) This means the final wave up will continue for 3 years, to the end of 2020.
7) After that, starting 2021, it'll go down and test the trend line (the thick dark line.)
8) If it breakdown that trend line (the thick dark line,) say GOODBYE US. DOLLAR.
9) If it bounce back up, it may start a new uptrend.
10) We need to answer a question: DURING THE DEFLATION ERA, WOULD US. DOLLAR APPRECIATE IN VALUE?
1) Double Bottom.
2)Inverted Head and Shoulders.
3) Wave v of wave 3 just started, it'll be strong.
4) Wave count 1 - 2 - 3 may be better replaced with A - B - C, to indicate it is a corrective wave that all Dollar Index history is corrective waves.
5) Each two consecutive waves consumed 3 years to complete.
6) This means the final wave up will continue for 3 years, to the end of 2020.
7) After that, starting 2021, it'll go down and test the trend line (the thick dark line.)
8) If it breakdown that trend line (the thick dark line,) say GOODBYE US. DOLLAR.
9) If it bounce back up, it may start a new uptrend.
10) We need to answer a question: DURING THE DEFLATION ERA, WOULD US. DOLLAR APPRECIATE IN VALUE?
Penafian
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