Cycle Wave Elliott Wave Chart of the DXY
Trying to get a sense when this second wave back up in the DXY could complete. There appears to be a lot of correlation right now between the DXY, emerging markets, the Chinese Yuan, and Precious Metals.
The DXY appears to be forming an Ending 5-wave Terminal Pattern to complete the y of the boxed b-wave. Thinking it's likely the DXY trades up to the Fibonacci retracement of the First Cycle Wave Down, within the price channel shown.
The DXY appears to be forming an Ending 5-wave Terminal Pattern to complete the y of the boxed b-wave. Thinking it's likely the DXY trades up to the Fibonacci retracement of the First Cycle Wave Down, within the price channel shown.
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