The DXY hasn’t quite topped yet, but it’s running out of waves. Could make a very strong case for another wave in the (d) wave, but the truth is it is likely we are in the (e) wave, and it could end at any time here. That being said, we have yet to see an authoritative down wave that tells us the top is in. That is what I am looking for next. If we see more of this meandering chop in the downwards direction over the next three weeks, then we are likely in the last leg down of the (d) wave and we won’t see the (e) wave top until about Summer time.
So, whether weakly or strongly, expect the trend to turn down here…
So, whether weakly or strongly, expect the trend to turn down here…
