An impulsive move lower in the dollar index is underway. We are at a critical support from previous bottoms at 102.10. This trendline is the lower end of a triangle pattern below which the dollar bear market gets more credible and broader acceptance. Wave-wise, wave 3 unfolds, and only wave iv of 3 develops. Many more legs lower will show up with a lot of subdivisions.
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.