This here is my short analysis for the Dollar Index all the way back down to $82.50. This here is the overall bigger direction on the Daily timeframe. My Monthly TF analysis (Posted on my TradingView profile) has led me to believe the Dollar Index will take another dive down, in order to complete the corrective structure in accordance to the Elliot Wave Theory.
So far we've seen a completion of the impulse move (Wave 1, 2 & 3) followed by a bearish wave down in 2017 which broke the bullish structure. This move down would be considered Wave A of the correction, WAVE B is also now complete the upside, so now we are expecting one final wave (Wave C) to complete the overall Elliot Wave Theory move. This predicted move is likely to play out over the next few years.
All my socials are listed on my TradingView profile. I will be catching this move on behalf of myself & my Account Management investors.
So far we've seen a completion of the impulse move (Wave 1, 2 & 3) followed by a bearish wave down in 2017 which broke the bullish structure. This move down would be considered Wave A of the correction, WAVE B is also now complete the upside, so now we are expecting one final wave (Wave C) to complete the overall Elliot Wave Theory move. This predicted move is likely to play out over the next few years.
All my socials are listed on my TradingView profile. I will be catching this move on behalf of myself & my Account Management investors.