DXY: Further Downside Expected After Correction
Hi traders,
The dollar is poised for more downside. I'm looking for a textbook 1-2-3-4-5 structure that will complete wave C. Price is set to correct into wave 2, after which I'm expecting further downside into wave 3.
With this being said, however, it is advisable to wait for proper confirmation as this analysis is premature - more market data is needed.
Regards
Wave Theorist
The dollar is poised for more downside. I'm looking for a textbook 1-2-3-4-5 structure that will complete wave C. Price is set to correct into wave 2, after which I'm expecting further downside into wave 3.
With this being said, however, it is advisable to wait for proper confirmation as this analysis is premature - more market data is needed.
Regards
Wave Theorist