US Dollar Index Alternate Count - Contracting Triangle?

2017年12月19日

The US Dollar bullish story continues to remain intact for now with slight adjustment in the earlier proposed wave counts. The underlying remains into wave (3) of a higher degree with wave 1 adjusted here. Wave 2 of (3) is probably unfolding into a contracting triangle as shown here labelled as a-b-c-d-e. If this count holds true, then wave 2 might have already terminated at todays' lows and a sharp rally should come through breaking out of the triangle structure. As an alternate though a flat can be produced if prices drop below 93.40 levels. Trading point of view, remain long, stop below 92.50, targeting 95.00 and 98.00 levels.

Good luck!

Sincerely
Harsh