Short Term Elliott Wave in Dollar Index (DXY) shows incomplete bearish sequence from 4.17.2024 high. Down from there, wave 1 ended at 104.08 like the 1 hour chart below shows. Rally in wave 2 unfolded in a double three Elliott Wave structure. Up from wave 1, wave (w) ended at 104.79 and dips in wave (x) ended at 104.39. Wave (y) higher ended at 105.12 which completed wave ((w)) in higher degree. Pullback in wave ((x)) ended at 104.33 and rally in wave ((y)) ended at 105.18 which completed wave 2 in higher degree.
The Index has turned lower in wave 3. Down from wave 2, wave (i) ended at 104.63 and wave (ii) rally ended at 104.89. The Index then nested lower with wave i of (iii) ended at 104.36. Wave ii of (iii) ended at 104.76. The Index extended lower in wave iii towards 104.14 and wave iv ended at 104.25. Wave v lower ended at 103.99 which completed wave (iii). Near term, as far as pivot at 105.18 high stays intact, expect short term rally to fail in 3, 7, or 11 swing for further downside.
The Index has turned lower in wave 3. Down from wave 2, wave (i) ended at 104.63 and wave (ii) rally ended at 104.89. The Index then nested lower with wave i of (iii) ended at 104.36. Wave ii of (iii) ended at 104.76. The Index extended lower in wave iii towards 104.14 and wave iv ended at 104.25. Wave v lower ended at 103.99 which completed wave (iii). Near term, as far as pivot at 105.18 high stays intact, expect short term rally to fail in 3, 7, or 11 swing for further downside.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.