Looking at the bearish moves we've had for a while now these recent waves to the upside have caused a shift. On HTF Such as daily I have spotted what seems to be a zig-zag. price already completed wave "A" of said zigzag and seems to be at the "B" leg. Analysis ran on timeframes like the 4 hour support this Bias. There is a zig-zag forming on the 4H which has already had both the "A" & "B" legs complete with prices now working on the C leg. The Sub wave count puts the C Leg at what seems to be a wave 3 which has yet to be completed.
Despite this Bias. I have also provided an alternate count. The DXY might just keep rallying to the upside. And if and when it does, this would suggest that the 4H Zig-Zag is just a wave 3. We will be looking at sentiment indicators to confirm this line of thinking should this happen. my forecast suggests that once the 5-wave impulse completes on the 4H. Price might correct with a zig-zag(Based on the Guideline of alteration) this would signal the end of a wave 4 and price will move on a 5th wave if wave 3 of the alternate count does not extend.
Despite this Bias. I have also provided an alternate count. The DXY might just keep rallying to the upside. And if and when it does, this would suggest that the 4H Zig-Zag is just a wave 3. We will be looking at sentiment indicators to confirm this line of thinking should this happen. my forecast suggests that once the 5-wave impulse completes on the 4H. Price might correct with a zig-zag(Based on the Guideline of alteration) this would signal the end of a wave 4 and price will move on a 5th wave if wave 3 of the alternate count does not extend.