The US Dollar Index has been retracing an impulse that completed on October 3rd. The expected guideline retracement is the price territory of the previous fourth wave wave, which is almost exactly a Fibonacci 38.2% retracement. Wave 2 appears to be taking the form of a double zigzag that, when complete, will result in a third wave rally for the dollar. A Double Zigzag for … [Read more...] about The Dollar/Euro Double Zigzag
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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