zhipengcfel

DXY finished the correction wave (4)-A

TVC:DXY   U.S. Dollar Index
I posted an elliott wave analysis on usdollar month chart months ago and mentioned that dxy is in wave 4 correction.
It seems that DXY has completed the wave 4-A because of the ending wedge, bullish bat pattern and support zone. The wave 4-B might bounce up to 96.5. Afterwards it might return back to complete the wave 4-C.

Notes: Pay attention to the upper resistance line of the wedge. If it breaks, it will confirm the wave B up. If the support zone breaks, it will confirm the down trend and this analysis will be invalid.

Good luck for everyone!
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.