Dollar Index chart looks weak as of now, it had broken 61.8% retracement for the upswing in consideration and heading downside. It probably test recent swing lows around 101 levels/
Hello friends, here we have tried Education purposely to share possible Elliott wave counts of DXY dollar index from weekly to hourly, and also discussed about possible correlation with world indices.
Weekly possible wave counts
Daily possible wave counts
4 hourly possible wave counts
1 hourly possible wave counts
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TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb...
US Dollar Index Buy Setup found
accoring to elliott wave analysis,
market created elliote 1,2,3,and wlliott 4th wave is running and creating the triangle pattern, as i have discussed with you all.
i will be in buy as i analysed us index.
Best of luck
Traders Trusted Academy
What i see, DXY it retracing for the next BIg move.
So i feel best time to enter SELL on XAUUSD at 1224-1226
USDCAD BUY
AUDUSD SELL
NZDUSD SELL
EURUSD SELL
GBPUSD SELL
