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DXY: 5th Wave Now Underway

DXY ended wave IV of a bullish cycle pattern in a simple Ⓐ-Ⓑ-Ⓒ zigzag.  Wave Ⓐ is a zigzag, wave Ⓑ is a triangle, and wave Ⓒ is a 5-wave bearish impulse. At the time of writing, DXY has begun to reverse up in the final wave V. We… Read More

DXY Correction A Triple Combo?

The current DXY structure shows a triple zigzag in cycle wave IV. The corrective leg consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Following the completion of correction wave Ⓨ, prices moved up in wave Ⓧ. However, wave Ⓧ is not yet complete.… Read More