I've been taking the time to see what this new elliott wave rule could do to help counts. There are some pros and cons. I have had more success counting with it than the regular way to count. Because it's not well known it's made me apprehensive to post ideas on here. But I have to put something out there now because it is working.
Longer Term I have DXY aiming to go higher. Right now we are in an ABC correction and have finished the B portion.
I've labelled short term that we've finished wave 1 and 2 of the C wave. For Hennessy counting in a C wave the wave can go wild and have many false breaks. So I predict it throwing people off for the next couple of months. After that I can see more highs. But i'll update as it unfolds.
Longer Term I have DXY aiming to go higher. Right now we are in an ABC correction and have finished the B portion.
I've labelled short term that we've finished wave 1 and 2 of the C wave. For Hennessy counting in a C wave the wave can go wild and have many false breaks. So I predict it throwing people off for the next couple of months. After that I can see more highs. But i'll update as it unfolds.