DXY: Up to 108 then back down to 92 (ABC-correction)
Elliot wave on large timeframe seems completed
Looking for B to end in coming months around 108 level in an expanded flat correction
This could start the impulsive move C down to the 92 area
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In an alternative count, dxy could even go to 87 area and lower
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The ABC-correction seems ended
But it could only be the start of the correction in a Wave A
A backtest of head and shoulders in a wave B and impulsive move C could bring eurdollar further down to the 0.618 Fib Retracement
But it could only be the start of the correction in a Wave A
A backtest of head and shoulders in a wave B and impulsive move C could bring eurdollar further down to the 0.618 Fib Retracement