DXY Reversal After Triple Zigzag?

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The DXY formation looks to be forming a standard a-b-c zigzag.

Currently, we see the structure of a cycle correction wave b. This took the form of a triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.

In the short-term, we can expect prices to extend up to 97.82. This top was formed by the primary intervening wave Ⓧ.

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An alternative scenario suggests an incomplete wave b. We are currently in the final wave Ⓩ, forming a simple zigzag which develops in the correction wave (B).

Its completion is expected near 94.30. At that level wave (B) will be at 38.2% along the Fibonacci lines of wave (A).

After the completion of the corrective move, we could expect the development of a bearish impulse in wave (C). At that level, wave Ⓩ will be at 88.6% of wave a, near the 90.08 area.

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