DXY 1D: A Close Look at the Ongoing Correction Wave

In the 1D frame, we delve further into the intricate structure of the DXY, particularly focusing on the A wave from the Y wave, as identified in our 1W analysis.

Here's a breakdown of the current situation:

Current Correction Wave Analysis:

• The wave in focus is a 3-3-5 wave.
  
• Waves A and B within this structure have already been completed.
  
• Wave C is an intricate 5 impulse wave. Currently, Wave 3 has finished, and we are in the midst of Wave 4.
  
• Wave 4 has reached the endpoint of the sub-wave 4 from Wave 3.
  

Projected Movements:

• A sideways movement between 103-104.5 is expected for the next 4-5 days, possibly extending until the end of the next week. This movement is significant for the completion of Wave 4.
  
• Post the sideways trend, a downward trajectory to form Wave 5 is anticipated, which is projected to conclude around 101.
  

Critical Failure Point:

• A key alert signal would be if Wave 4 enters the territory of Wave 1, especially if it surpasses 105.120. This development could challenge the current wave analysis and potentially shift the expected outcomes.
  

Trade closed: target reached:

The movement was achieved, but faster than I expected, and the dollar reached a rebound zone extending from the current point until 101.360.

Based on the monthly analysis, I believe we will continue in the region until the end of the month, and then the rebound to the 104 and 105 levels will begin.

check the 1W analysis to see the next target