This is my current Elliott Wave count for the DXY Dollar index. I have a couple of variations which I will share but this one sees a decline starting with a leading diagonal in red wave 1 which is close to completion. May see a pull back in red 2 before a strong move lower in 3. The alternative is a nesting 1,2,1,2. If that's the case then a strong decline could continue from here.
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Today DXY had a strong decline, so here is the alternative count with a 1,2 1,2 unfolding impulse. I've put some rough levels to this, but i'll adjust as the chart develops.Anmerkung
20/03/2025 DXY UpdateSince the last outlook DXY has continued lower and is currently potentially consolidating in wave iv in green. Im currently viewing the correction as a (w)(x)(y) in orange, it has made a measured move target and im looking for price to break down in a continuation in wave v in green, the lower of the two green target zones would be nice 😊.
If price doesn’t head lower from here then wave count invalidation is 106.126, but in fairness if it goes much higher than 105 I would start to question whether the chart is currently making green wave iv.
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21/03/2025 DXY UpdateSince the last outlook DXY has continued lower and is currently potentially consolidating in wave iv in green. I've adjusted the current correction to an (a)(b)(c) in orange due to the final wave progressing in 5 sub waves. The chart has pushed slightly past the measured move target and made an expanded flat correction. I’m looking for price to break down in a continuation in wave v in green, the lower of the two green target zones would be nice 😊.
If price doesn’t head lower from here then wave count invalidation is 106.126, but in fairness if it goes much higher than 105 I would start to question whether the chart is currently making green wave iv.
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31/03/25 DXY updateStill bearish the dollar, here is the EUR/USD picture i'm looking at (makes up around 50% of DXY index and they move inversely).
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.