DXY - Elliott Wave Count

DXY - Elliott Wave Count

DXY - On the Daily charts, DXY displays a clear ABC Wave formation, indicating that the market is likely to undergo a significant correction with Wave C toward the 100 to 95 range. this down move will boost metals & indexes upwards. It is advisable to exercise caution when considering long positions in dxy. However, if the market breaks above 108, this view would be deemed invalid.

Please note that this information is for educational purposes only, and it is crucial to trade with caution.

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