Dollar Index (DXY) to end correction and start fresh upmove

13 Sep 2022

DXY has been moving perfectly as per Elliott waves. It has completed an impulse and now in correction. It has already corrected near 50% which is also close to previous degree wave 4. Worst case we might do 61.8% around 107. Once we get a positive daily close from here, it would be reasonable to assume next impulse has started. What does this mean for equities and cryptos? They'll take a dive as soon as DXY upmove starts.