As per DXY big picture downtrend started in March in not yet over, it may go all the way to 85 (61% correction level), at least 88.
My major hypothesis is that wave III is incomplete yet, and I am expecting DXY to resume its move down towards 90. One of the reasons is absence of RSI divergence, but also the fact that trendlines on AUD/USD, Gold and other markets are not really broken.
My major hypothesis is that wave III is incomplete yet, and I am expecting DXY to resume its move down towards 90. One of the reasons is absence of RSI divergence, but also the fact that trendlines on AUD/USD, Gold and other markets are not really broken.
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Comment: Comment: Probably the safest would be waiting for invalidation of the alternative hypothesis , i.e. break through 92 level.
