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dyx elliott

The DXY shows a bearish triple zigzag formation consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.

Currently, wave Ⓩ which consists of intermediate sub-waves (A)-(B)-(C), is under development.

Corrective wave (B) could move prices to 94.77, which will be at 50% of impulse (A).

After completing this correction, we could expect a decline in impulse wave (C) near 91.06.

At that level, wave (C) will be at 61.8% of impulse (A).

dyx

Another scenario shows cycle correction b as a triple zigzag.

The first two sub-waves ①-② of this impulse pattern have already been fully completed.

In the short term, we can see prices rise above the previous level of fluctuations of 97.78.

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