LONG Dollar Index

Pros

• Elliot wave completed, expecting an ABC correction.
  
• Pullback of 38.2/50.
  
• Support zone
  
• Longterm bullish.
  

Cons

• Downtrend.
  
• The last peak, may cause a divergence.
  

Strategy

• Wait for a 38.2/50% correction of the last wave to enter the market.
  
• I think the position can be closed when (A) was reached, but can manage moving the stop behind the last trough to reach (C).
  

Kommentar:

I hope the new bullish impulse make a RSI divergence to make a correction of 38.2/50 to buy.