Dollar Index ( DXY ) bounced off the Reversal Area pointed out in the previous “Dollar-Index-DXY – Market Crash Road Map – Full 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 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 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 Sub-Waves (orange).
Minuette (a) (orange) shows a typical 5 Swings Motive Structure.
Minuette (b) (orange) shows a deep pull-back in a Pattern.
Minuette (c) (orange) shows an Extension, which took a form of an , making the entire Minute A (blue) develop as a 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 , with 2 legs awaiting to finalize, which are Minuettes (iv) & (v) (black).
A Divergence would be awaited at the end of Minuette (v) (black).