we are now in a correction Wave after a 5 impulse waves in the 1M Analysis.
as we saw there we will go to the 93-89 area.
This analysis analyzes the details of the current corrective wave.
as we saw there we will go to the 93-89 area.
This analysis analyzes the details of the current corrective wave.
Structure of the Correction Waves:
* Wave W: Characterized as a 3-3-5 wave, representing the initial phase of the correction.
* Wave X: Identified as an expanding flat wave, signaling a complex intermediate phase.
* Wave Y: Postulated to be a 5-3-5 wave, which forms the final leg of the correction.
* Currently, Wave Y is in the process of forming its first leg, Wave A, which is expected to conclude around 101.
* Wave B is projected to finalize in the 104-105 range.
* Finally, Wave C is anticipated to bring the DXY down to the 93-89 area.
Critical Failure Point:
A key threshold to watch is if DXY rises above 107.5.
Surpassing this point would significantly challenge the current wave analysis, potentially invalidating the proposed wave structure and necessitating a reevaluation.