Elliott Wave: a potential Zigzag in DXY

2021년 4월 27일

The DXY seems formed a Leading Diagonal after bottomed at 2021/1/6 with a 3 waves decline (Zigzag) followed by it,
therefore expecting another 5 waves going up to complete a larger degree Wave C (or a Wave 3)
Now the price has reached the level of 618 of the Leading Diagonal,
let's see what will happen in the following weeks

2021년 4월 28일

노트

The price still going down, not changing my overall view at this moment

2021년 4월 30일

노트

The price breaks above the ending point of wave (iv) and the descending trend line, stronger evidence suggested that down trend has ended

2021년 5월 9일

노트

The price continues to go lower, but still, the overall view remains unchanged

2021년 6월 3일

노트

If this is correct, the DXY should go up sharply