The US Dollar has been tracing a contracting diagonal since the 2022 top.
Each leg has shrunk - wave (1) bigger than (3), wave (3) bigger than the projected (5). Textbook contraction.
We're now finishing wave (4) into the 0.382–0.5 retracement and the upper diagonal trendline. Wave (5) is the final leg down, targeting the lower trendline around 12,400.
Diagonals are terminal patterns. Once wave (5) completes, the reversal is sharp - the move most won't be positioned for.
Dollar weakness into year-end, then the snapback.
Goodluck and as always, trade safe!
Each leg has shrunk - wave (1) bigger than (3), wave (3) bigger than the projected (5). Textbook contraction.
We're now finishing wave (4) into the 0.382–0.5 retracement and the upper diagonal trendline. Wave (5) is the final leg down, targeting the lower trendline around 12,400.
Diagonals are terminal patterns. Once wave (5) completes, the reversal is sharp - the move most won't be positioned for.
Dollar weakness into year-end, then the snapback.
Goodluck and as always, trade safe!
注释
The breakdown 👇USDOLLAR has been carving a diagonal since 2022.
We're in the final wave (4) → wave (5) is the last leg down.
Contracting into year-end, then the reversal.
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Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。