donaldsaw
Short

DXY - Big Picture

TVC:DXY   US-Dollar Währungsindex
Big Picture:

USD Index look like it is ready to fall based on the fib and the wave pattern. The only question i'd like to know is 'is it ready?'

Wave breakdown:
1. From the top, there is a clear and clean 5 wave impulse down.
2. From the bottom, I have marked out a fairly clear corrective Flat (5-3-5) wave structure.
3. Of the corrective ZZ, A vs C ratio has extended to 1.618% - a usual termination point.
4. Retracement of the impulse has hit 0.618%

Let's watch and see what happens but signs are that USD is about to drop.

Happy Trading!
Kommentar: Correction

Point 2 - the correct is not a flat but a ZZ

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