DXY Dollar wave 4 of C

5 thg 2, 2018

Price looks to be in the early stages of forming the wave c of 4 before down in wave 5 to complete the larger pattern wave C of ii...the ii is wave ii of 3 and a very bullish setup on the monthly basis. This 4hr chart just gives a little better view of the internals generally required for completion. Over 92-93 would shift the count into a directly higher wave 3 already in progress.
An Alternate count for the internal wave 4 would be a triangle that wouldn't reach as high as the simple zigzag c (90.20-70 range)...time over price pattern.