Trading Plan for DXY

Elliott Wave View:

Large correction marked as Wave 4 in progress.

Inside it, a (A)-(B)-(C) zigzag structure is unfolding.

We’re currently in a sub-Wave B of C, expecting a short dip before a bullish move into the 104.80–105.60 supply zone (red box).

Invalidation level sits at 108.247, confirming the correction is valid below that.


2. Price Levels & Zones:

Strong support zone around 101.50–102.00, projected as a potential base for the next leg up (Wave C).

Resistance (target) is clearly the red supply zone near 105.



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Correlation with EUR/USD Chart:

If DXY is expected to rise in its Wave C, then EUR/USD should fall (as seen in your earlier chart).

Your EUR/USD analysis targets the 1.06924 demand zone — this lines up perfectly with DXY's Wave C rise.



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Trading Plan for DXY (or correlation play):

If trading DXY directly (if possible via CFDs):

Buy setup: Wait for minor correction (Wave B) to bottom around 101.80–102.00.

Entry: Near support with confirmation candle.

Target: Red zone 104.80–105.60.

SL: Below 101.50.


For EUR/USD traders:

Watch for EUR/USD Wave B to complete.

Once DXY starts impulsing up (Wave C), EUR/USD will likely drop hard.

That’s your sell opportunity on EUR/USD, aligned with DXY strength.