Get started

Dollar_index

DXY 1W - Elliott waves - updateDecided to make an update on my last plot of DXY from 24th Aug '17 (chart below). So far, everything looks good!! We are still in F -> G move I'm expecting price continue to move up until December 2017. Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp. XAUUSD (gold) will trade in opposite direction as DXY, it means XAUUSD will move down until rate hikes. Expecting XAUUSD to move strongly up next year, while DXY will go south G -> H move.
TVC:DXY
by Simon_says
5
Dollar Index (DXY) – Bearish Minor 5 – Trend ContinuationDollar 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).
TVC:DXYShort
by Lionheart-EWA
3