Price does not appear to be pushing through resistance Looking for a move down and perhaps a deeper drop. Work in progress
Work in progress, price may break lower before resuming higher However, if price break and close below the wedge, a bigger drop and a review of wave count may be needed
wave V of the ending diagonal in progress, will the wave B be a triangle and a spike up or a deeper correction before moving up? As long as the triangle formation is not broken, it is favored.
Different from others, my view is the move up is corrective due to the triangle mentioned in previous share idea, please refer to the link As with all triangle, it only appears in wave B or 4, hence the entire move up is corrective. I am looking forward to new lows, same for eur, gbp etc , ideas share just a while ago. Refer to the link on DXY Good luck
Not cast in stone, a possible formation, if really occur, then we know it is ending and thereafter, a reversal and big fall
Is this a 5 waves up from the bottom or just an ABC correction? Lets find out
Too early to tell if it is an ending diagonal or if it is completed, a break below the wedge will give clearer view
Most likely a corrective triangle before another leg higher Good luck.
dxy aka us dollar may have formed a WXY from the top, am looking for a clear impulsive wave up for the opportunity to go long dollar
Waiting for price to confirm the break for a stronger move lower.
A possible scenario, if play out, another leg lower
Let the bears run wild if this is the start of wave 3 down
The entire move up(abc) from the bottom look to be completed with the 5 waves ending diagonal wave c Now my bias is bearish and look forward to short it, a strong move wave 3 down will confirm this count whereas a break above will be ultra bullish(less likely)
Until price break down further, there could be still more leg up If price do break strongly down, we may see the start of a new low in the making
This will show the bias for USD, looking for clear bullish reversal in the future
Bulls just keep coming back, seems like another leg higher to stop out those shorts wip Will reshort
Price keep extending higher, however, it now look to be completed Shorted and targeting the support region for first target If not wrong, this may bring strength to pairs such as euraud and gbpaud as au weakens
Price survive the support region, hence it should turn bullish at least for the short term