DXY Completes Triple Combination

0 303

The DXY shows a bearish triple zigzag formation consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.

Currently, wave Ⓩ which consists of intermediate sub-waves (A)-(B)-(C), is under development.

Corrective wave (B) could move prices to 94.77, which will be at 50% of impulse (A).

After completing this correction, we could expect a decline in impulse wave (C) near 91.06.

At that level, wave (C) will be at 61.8% of impulse (A).


Another scenario shows cycle correction b as a triple zigzag.

The first two sub-waves ①-② of this impulse pattern have already been fully completed.

In the short term, we can see prices rise above the previous level of fluctuations of 97.78.

Have you been testing your strategy on a Demo Account? Sign up now and begin practicing!


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.