US Dollar Index Corrective Drop Into Play ??

2018年8月16日

The daily chart view for US Dollar Index might be suggesting that a top could be in place around 96.95/97.00 levels yesterday. The ending diagonal view presented yesterday has been changed to the most probable count for wave (5) termination. Lower degree counts are suggesting 5 waves push from wave (4) on the chart displayed here and hence it would be safe to assume a potential termination of wave (5). Also note that the US Dollar Index might be underway to produce an Evening Star bearish reversal signal, which could be an indication that a counter trend drop (A-B-C) might be underway. The potential region for the corrective drop to terminate has been highlighted between 92.50/93.00 levels here.


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