Índice Dólar
Viés de baixa

A little more SELL before a rocket up BUY for DXY (USD)

159
Hey guys as predicted In my previous analysis the price went down significantly especially during NFP.Next up I believe we would still be on the BEARISH side for USD. However , i believe it will only last for a short while before shooting up again for the MAJOR WAVE 3.

As for now based on my counting we are still in the midst of completing a zigzag for WAVE2. We have completed the A and B LEG of the zigzag and currently in the midst of completing the final leg which is the C LEG Of THE ZIGZAG. Based on elliot wave's theory a zig zag corrective pattern is formed by a 5-3-5 structure. As u can see we did a 5 wave structure for LEG A followed by a 3 wave Structure for LEG B.

Therefore for the C LEG we would be expecting a 5 wave structure downwards.As for now within the 5 wave structure we are currently in the 3rd wave of it. Besides that if you zoom out abit you will see that the USD is currently in a channel. I believe the corrective WAVE 2 (ZIGZAG) would end at that bottom channel before shooting up and breaking out of the channel

On my analysis there will be 2 take profit area.
1. TP at completion of wave 3 (based on fibonacci extension of 161-8% of wave 1-2)
2. TP at completion of the whole 5 wave structure (END OF THE C LEG Of THE ZIGZAG.At botton channel trendline)

PAIRS I'M LOOKING AT (predicted movement for next week)
AUDUSD BUY
NZDUSD BUY
GBPUSD BUY
USDCAD SELL

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.