Nothing special just Wave A=C.

DXY
#1
Posted 21 November 2024 - 04:28 PM
#2
Posted 22 November 2024 - 05:35 AM
limrom1, as of this morning the yellow line double top is kaput, but there is still the risk of a "Turtle Soup" sell signal if the double top does not now act like support. Also my dollar risk summation system says today is a risk window, so I expect the dollar to turn down or maybe have an acceleration of the current up trend, and, as you note, circle A wave parity with circle C wave around 108 reached just a few minutes ago, could act like overhead resistance, so the dollar is clearly not out of the bear-filled woods yet. What the bulls have going for them is the rough multiple bottom reversal at around 100 isn't satisfied until about 114.
Regards,
Douglas
Edited by Douglas, 22 November 2024 - 05:37 AM.
#3
Posted 20 December 2024 - 09:44 AM
Should be final swing up. Everyone is expecting the dollar to go ballistic, but, Trump's trade and manufacturing policies won't work under those conditions.
#5
Posted 02 January 2025 - 10:00 AM
Still on track but it's diverging big time.
Edited by linrom1, 02 January 2025 - 10:04 AM.
#6
Posted 06 January 2025 - 10:47 AM
Bounce off .382 retracement. Will trend resume down?