US Dollar Index could be unfolding an expanded flat

31 thg 10, 2018

The US Dollar Index pipped higher above 97.00 levels in the past 24 hours. Please note that it is not a significant high but just a test as of now. Looking into the medium term wave counts, the US Dollar index could be unfolding into an A-B-C expanded flat at this moment. We can clearly count a-b-c, Wave A termination at 93.80 levels, followed by another a-b-c, Wave B termination at 97.06 levels. If this structure holds to be true, we can see Wave C dropping lower from here swiftly. A break below 96.30 levels could be confirmation that a meaningful top is in place. Conservative traders could wait for a break below 96.30 levels before selling again on intraday rallies.


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