Dollar Index (DXY) – Bearish Minor 5 – Trend Continuation
Dollar Index (DXY) – Bearish Minor 5 – Trend Continuation
Dollar Index (DXY) bounced off the Reversal Area pointed out in the previous “Dollar-Index-DXY – Market Crash Road Map – Full Elliott Wave Cycle” and commenced the Corrective Pattern for Minor 4 (red).
It seems like the Dollar Index (DXY) is approaching what is called the “Golden Section” in Elliott Wave Analysis which acts as a Point of Interest or Vibration Level, drawing the Price Action towards it as a magnet. Golden Section usually acts as Trend Continuation Levels, in the Dollar’s case a Bearish Trend Continuation for Minor 5 (red).
If the above would be correct, then the Dollar Index (DXY) could resume the Dominant Trend and finalize Minor 5 (red) and with it the entire Intermediate (C) leg (turquoise), thus completing the Cycle in Primary Wave A (blue).
Dollar Index (DXY) – Corrective Minor 4 – Wave Analysis:
• Minute A (blue) commenced on the up-side showing a 3 Swing Sequence in its Minuette ABC Sub-Waves (orange).
Minuette (a) (orange) shows a typical 5 Swings Motive Structure.
Minuette (b) (orange) shows a deep pull-back in a Zig-Zag Pattern.
Minuette (c) (orange) shows an Extension, which took a form of an Wedge, making the entire Minute A (blue) develop as a Leading Diagonal for the overall Corrective Structure.
• Minute B (blue) retraced as a Triple Three Pattern, showing a Complex Structure in its Minuette WXYXZ Sub-Waves (purple).
• Minute C (blue) is possibly taking form of an Expanding Ending Diagonal, with 2 legs awaiting to finalize, which are Minuettes (iv) & (v) (black).
A Bearish Divergence would be awaited at the end of Minuette (v) (black).
Dollar Index (DXY) bounced off the Reversal Area pointed out in the previous “Dollar-Index-DXY – Market Crash Road Map – Full Elliott Wave Cycle” and commenced the Corrective Pattern for Minor 4 (red).
It seems like the Dollar Index (DXY) is approaching what is called the “Golden Section” in Elliott Wave Analysis which acts as a Point of Interest or Vibration Level, drawing the Price Action towards it as a magnet. Golden Section usually acts as Trend Continuation Levels, in the Dollar’s case a Bearish Trend Continuation for Minor 5 (red).
If the above would be correct, then the Dollar Index (DXY) could resume the Dominant Trend and finalize Minor 5 (red) and with it the entire Intermediate (C) leg (turquoise), thus completing the Cycle in Primary Wave A (blue).
Dollar Index (DXY) – Corrective Minor 4 – Wave Analysis:
• Minute A (blue) commenced on the up-side showing a 3 Swing Sequence in its Minuette ABC Sub-Waves (orange).
Minuette (a) (orange) shows a typical 5 Swings Motive Structure.
Minuette (b) (orange) shows a deep pull-back in a Zig-Zag Pattern.
Minuette (c) (orange) shows an Extension, which took a form of an Wedge, making the entire Minute A (blue) develop as a Leading Diagonal for the overall Corrective Structure.
• Minute B (blue) retraced as a Triple Three Pattern, showing a Complex Structure in its Minuette WXYXZ Sub-Waves (purple).
• Minute C (blue) is possibly taking form of an Expanding Ending Diagonal, with 2 legs awaiting to finalize, which are Minuettes (iv) & (v) (black).
A Bearish Divergence would be awaited at the end of Minuette (v) (black).
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.