Elliott Wave Insight: DXY Correction to 100 ?

3 Şub

USDX DXY DXY DXY


📊 DXY Analysis with Elliott Waves 🌊

Wave (B) appears to be completing around 109.
A corrective decline toward the 100 zone (Wave (C)) is likely.
Key Fibonacci targets: 100% at 95.06 and 127.2% at 90.93.
🔎 Keep an eye on price action near these levels for potential reversals.
⚠️ Disclaimer: This analysis is not financial advice. Always conduct your own research before investing.

14 Şub

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Emm

26 Şub

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DXY Update

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🔻 After completing wave (3) at 97.555, the index is now building wave (4) as an A-B-C correction.
🔴 Currently in wave B of (4), a possible rejection zone could lead to wave C pushing toward the Fibonacci targets:

102.127 (38.2%)

103.540 (50%)

104.952 (61.8%)

🟢 After the correction, expect a final drop in wave (5) of C toward the green demand zone near 97.5 – 97.8 (aligned with 361.8% Fib extension).

📉 Mid-term bearish bias remains intact unless price breaks above 106.96.

🧠 Strategy Idea:
Wait for a reaction around 102–105 area. If wave (4) completes and shows signs of exhaustion, look for short setups in wave (5) targeting sub-98 levels.

🛑 Invalidation: Break above 106.96 would cancel the current bearish wave count.

Disclaimer: This is not financial advice. For educational purposes only. Do your own research. Trade at your own risk.