3 potentianl outcomes for dollar index
2 patterns that go along with trendchannel and zig zag pattern
We have a technical double bottom, bears count the current price as shoulder down but im still contrarian and think a dollar sell is around the corner pre election. We have a daily ma200 cross. Watch what happens and if bears fail then long.
Potential triangle breakout on the upside making a fair value correction. Europe vs USA trade is 4 times greater in numbers, better money supply and etc. Stress test report european banks can handle "crisis". Potential breakdown on Italy referandum october. Watch out
This should be a text book example of an elliot wave in an uptrend. Complete 12345 (abc) and starting wave 2 with 1 and 2 complete going for 3-4-5 and next abc :)
First target 58 and second target 62 levels, this should be a text books example of an elliot wave in an uptrend