Cycle Wave Elliott Wave Chart of the DXY
Trying to get a sense when this second wave back up in the DXY could complete. There appears to be a lot of correlation right now between the DXY, emerging markets, the Chinese Yuan, and Precious Metals.
The DXY appears to be forming an Ending 5-wave Terminal Pattern to complete the y of the boxed b-wave. Thinking it's likely the DXY trades up to the Fibonacci retracement of the First Cycle Wave Down, within the price channel shown.
The DXY appears to be forming an Ending 5-wave Terminal Pattern to complete the y of the boxed b-wave. Thinking it's likely the DXY trades up to the Fibonacci retracement of the First Cycle Wave Down, within the price channel shown.
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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.