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wolffarchitecture

DXY a wave 4 correction count to consider

U.S. Dollar Index (TVC:DXY)  
wolffarchitecture Updated   
TVC:DXY   U.S. Dollar Index
Wave Analysis Technical Indicators Trend Analysis
14
12
waveanalysis indicator trendanalysis
Seems about right. Timing could be off substantially but more confident in the price action.
Comment:
regarding the wave-5 in red: At lower time frames I see a small wave-1 one near the start. I choose this count because of the overlap, and its equal length with the initial red wave-1,,... but a expanding ending diagonal can't be ruled out (its just a bit rare). The BIG take is I do not think DXY has reach a top and we do have further upside and risk assets will see continue pressure to the downside. Wave 4's are very tricky and I tend to stay on the sidelines as they progress. Also the markets seem to be in A-B-C correction having nearly completed wave-A up of that correction. (expecting a wave-b to start lower soon) then back up with a wave-c completing the B-wave and this count would correspond to this idea
Comment:
An after the the market B-wave (of a higher degree) we are expecting price to reach lower to a new ATL ( corresponding to the final wave -5 of the DXY count above). Just don't know how much time it will take to unfold ...Wave 4's can Stretch out for a long time juts look at GOLD
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