Elliott Wave: a potential Zigzag in DXY

27 Nis 2021

The DXY seems formed a Leading Diagonal after bottomed at 2021/1/6 with a 3 waves decline (Zigzag) followed by it,
therefore expecting another 5 waves going up to complete a larger degree Wave C (or a Wave 3)
Now the price has reached the level of 618 of the Leading Diagonal,
let's see what will happen in the following weeks

28 Nis 2021

Not

The price still going down, not changing my overall view at this moment

30 Nis 2021

Not

The price breaks above the ending point of wave (iv) and the descending trend line, stronger evidence suggested that down trend has ended

9 May 2021

Not

The price continues to go lower, but still, the overall view remains unchanged

3 Haz 2021

Not

If this is correct, the DXY should go up sharply