Be careful shorting the EURUSD and all stock indexes as it is possible that DXY - after wave 5 completed - has started abc correction and next week it should be confirmed if (b) is already completed or goes a little higher.
After that, (c) may fall to 105.15-09 which could push EURUSD higher.
One of the 2 paths (dotted or dashed) could apply to (c).
Remark:
In case of overshoot, DXY could still target 111.31 where it faces strong resistance zone between 111.31-111.93.
First clear confirmation of falling prices would be close below 108.973 on a weekly basis.
After that, (c) may fall to 105.15-09 which could push EURUSD higher.
One of the 2 paths (dotted or dashed) could apply to (c).
Remark:
In case of overshoot, DXY could still target 111.31 where it faces strong resistance zone between 111.31-111.93.
First clear confirmation of falling prices would be close below 108.973 on a weekly basis.
Bình luận:
The October high could be the (b) and the low the (c) and that means the A or the 1 would be established at the October low.
After that it becomes easier to label the following waves and to detect the price marks.