AbhishekHSinghCMT

Dollar Index -(Rise & Collapse-Part 1) Proposed Ending Diagonal

TVC:DXY   U.S. Dollar Currency Index
Debut Idea for Dollar Index

Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016.
Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal )



24th April 2016 (Click the Idea)

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

this is nice Abhishek
+2 Reply
Thank you sir 💜
+1 Reply
With rise in dollar to 103-104, there will be major correction in the EM equities including India. We have so far done well because of rupee strength. With the near $600 billion forex reserves, we may save ourselves the blushes as they say but we will go down massively!
+1 Reply
That means DXY will top out around 104-105 if it is in 4rth.
+1 Reply
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