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DXY Hidden Map 🗺

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Hello traders,

Will start our analysis with the US index which will help us identify market movements for the major currency pairs.

By looking at DXY we are expecting a Zigzag pattern to be formed. According to Elliot Waves, a Zigzag pattern has 3 waves labeled A,B, and C where Wave A= 5 subwaves, Wave B= 3 subwaves, and Wave C = 5 subwaves. We can see that we have finished wave A and made 5 clean moves. We are now in wave B which is going to be 3 moves opposite to wave A.


Nota
DXY 12H - After each 5 moves, we should see 3 waves in the opposite direction snapshot
Nota
DXY 8H - On what we will be looking
snapshot

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