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- MarketNewbie replied Jun 14, 2018
The second one is that the rise up today is the start of an impulsive wave 5. If that's the case, this wave will go a little bit simple and the length will be much longer
Elliot Wave Analysis
- MarketNewbie replied Jun 14, 2018
Here comes my two possible counts for DXY. I'm using the daily chart to give a bigger picture of it. The first scenario is as follow. The quick rise up today announces the start of the B wave in the corrective wave 4. This is my preferred count. If ...
Elliot Wave Analysis
- MarketNewbie replied Jun 12, 2018
Thank you so much!!! You r a very wise man!!!
Elliot Wave Analysis
- MarketNewbie replied Jun 12, 2018
I agree with you. For DXY, I thought wave B just finished and wave C started last night (pacific time). The market now proves that I was wrong. I looks like that it has to retrace more before it will start the wave C to go down.
Elliot Wave Analysis
- MarketNewbie replied Jun 12, 2018
I believe DXY is going the wave C now, though wave B didn’t go as contracting triangle. For the Euro, I personally think it’s more likely it will go with your first senario, but let’s see how the market goes.
Elliot Wave Analysis
- MarketNewbie replied Jun 11, 2018
Here comes my update on DXY. Charts are as follows. From the daily chart, I think DXY is still under the 4th wave correction. From the 1st 4hr chart, DXY is still running in wave B. In my opinion, this wave B is likely going as contracting triangle. ...
Elliot Wave Analysis
- MarketNewbie replied Jun 7, 2018
I might need to adjust my analysis for the DXY a little. If today, the possible sub-wave 2 in wave C can not go higher than 93.68 (the peak of the previous sub-sub wave 4) , then I will change my previous corrective wave analysis to the one as ...
Elliot Wave Analysis
- MarketNewbie replied Jun 4, 2018
I believed DXY is going under the corrective wave 4 as the daily chart below. It started from May 30th. Last time I said it would last for 5-8 days. Now I tend to think that it's gonna last at least for 10-15 days. The 4hr chart shows how I expect ...
Elliot Wave Analysis
- MarketNewbie replied May 30, 2018
Of course. I determine the end of a wave mainly by the pattern. I focus on counting the impulsive waves cause it's much easier to count. The corrective wave are more complicated, so I always have 2 to 3 different counts for them. I don't use fibs a ...
Elliot Wave Analysis
- MarketNewbie replied May 28, 2018
I think DXY is going to start the correction of wave 4 this week, it probably will last for 5-8 days. It might ends at around 92.61. Below are the charts of DXY, daily chart as well as 4 hr chart. Let's see how it goes.
Elliot Wave Analysis
- MarketNewbie replied May 26, 2018
Thx for your sharing. I tend to think that the DXY is gonna go bull at least until Sep this year. Next year, DXY is probably gonna go bear. However, in my opinion, DXY is not gonna go up like a straight line. It will have many corrections in ...
Elliot Wave Analysis
- MarketNewbie replied May 25, 2018
I would also like to share my Elliot Wave Analysis of DXY. Below are some charts. I am hoping the super long term to long US Dollar; the long term to short US Dollar; the medium term to long US Dollar. Will see if this is the right count.
Elliot Wave Analysis
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