The short worked out great and the move lower was very impulsive. I don't really like the count for wave '1' with a bottom @ 98.22. However all rules are followed in terms of wave count and I think we might see another leg lower. The trade plan however will be simple as always. I will wait to see whether we get a correction from here (which seems to have started already) to sell the next leg lower.
If on the other hand we saw the bottom already (which I don't favor at this point) I will wait for an impulse-consolidation and trade the continuation.
Updates will follow either way
Below my previous post of dollar index
If on the other hand we saw the bottom already (which I don't favor at this point) I will wait for an impulse-consolidation and trade the continuation.
Updates will follow either way
Below my previous post of dollar index
