Κυριακή, 31 Ιουλίου 2016

DXY(forex): Weekend Analysis from ElliottWaveTrader

Author: Avi
DXY: Dollar Dormancy Remains Dominant
Forex, DailyChart


As we came into this year, the market was setting up to develop a larger degree 4th wave.  And, thus far, the market has done well to follow through on our expectation.  As you can see on our chart, my primary count has us in the purple b-wave for wave 4.  Moreover, we have likely complete the (a) wave of that b-wave.  This means that after further downside is seen in the coming weeks to complete the (b) wave, we will likely see yet another rally in a (c) wave to complete the larger b-wave structure.

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