A likely bottom has been found for the US Dollar Index. I'm labeling the down trend as a triple zigzag. It subdivides the easiest, although other labeling techniques are also acceptable. More importantly, the second wave has retraced a Fibonacci 61.8% from the high. A guideline for a second wave retracement which sports a zigzag or zigzag combination pattern. The reaction from … [Read more...] about Pump Inbound for the Dollar Index
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The US Dollar Finds a Bottom
The US Dollar Index has found a bottom before it continues it's historic rise. Since July 18th, the dollar issued a massive 12 week rally resulting in an impulse wave with both a third and a fifth wave extension. The resulting correction, labeled as wave 2, appears to be finished, or very close to finished. Wave 2 carved out a double zigzag that has perfect Fibonacci … [Read more...] about The US Dollar Finds a Bottom
A Bear Market Rally for the Euro
A first wave decline for the Euro has completed and a bear market rally is underway. As with most second waves, I expect a zigzag advance and the first area of interest is the price territory of the previous fourth wave. I’ll set an alert when price reaches that area and we’ll re- check the structure. A Bear Market Rally for the Euro by BossWizard on TradingView.com … [Read more...] about A Bear Market Rally for the Euro