Dollar Index (DXY) 2024-2025 Elliottwave Cycle
As shown in the chart from Years 2008 to 2022 5 wave cycle from $71 to $115 is completed.
After five waves there is an ABC correction.
Here we can see five impulse waves inside the "A" wave so it may Zig-Zag ABC Correction. We know Zig-zag correction's "C" wave is fast and deep.
Forecast of "C" wave 123.6%(A) is near $89 &
161.8%(A) is near $85. So the DXY may Bear up to $89 or $85.
After five waves there is an ABC correction.
Here we can see five impulse waves inside the "A" wave so it may Zig-Zag ABC Correction. We know Zig-zag correction's "C" wave is fast and deep.
Forecast of "C" wave 123.6%(A) is near $89 &
161.8%(A) is near $85. So the DXY may Bear up to $89 or $85.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.