If we’re talking about 
DXY, it makes sense to take the broadest possible view - specifically starting from 1985.
In February 1985, the index printed a high of 164 and began forming an impulsive move to the downside.
By December 1987, that impulse had been completed.
Everything that followed can be viewed as a correction.
At this stage, the broader correction can be interpreted as an expanded flat:
Following this logic, since March 2008 the index has been in Wave C.
Wave C should unfold as an impulse - and so far, that structure remains intact.
Three waves appear to have formed, and price is currently in Wave 4.
Wave 3 subdivides cleanly into five waves, covering the period from April 2011 to September 2022:
Now the focus shifts to Wave 5 within Wave 3 and its correction.
The correction we are analyzing is a zigzag.
This zigzag signals the completion of the larger Wave 3.
Factors supporting this view:
Looking deeper, we are currently in the second impulse of the zigzag.
The primary short-term plan is a corrective move within the impulse, with the most likely range at 102-104.
Before that, a pullback toward the 95 area remains possible.
The structure would be invalidated if price drops below 89.
Conclusion
The main direction remains upward - both locally and globally.
The nearest major target lies in the 102-104 range.
Potential move from current levels: ~5-7%
Further upside is expected over time:
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DXY, it makes sense to take the broadest possible view - specifically starting from 1985.In February 1985, the index printed a high of 164 and began forming an impulsive move to the downside.
By December 1987, that impulse had been completed.
Everything that followed can be viewed as a correction.
At this stage, the broader correction can be interpreted as an expanded flat:
Following this logic, since March 2008 the index has been in Wave C.
Wave C should unfold as an impulse - and so far, that structure remains intact.
Three waves appear to have formed, and price is currently in Wave 4.
Wave 3 subdivides cleanly into five waves, covering the period from April 2011 to September 2022:
Now the focus shifts to Wave 5 within Wave 3 and its correction.
The correction we are analyzing is a zigzag.
This zigzag signals the completion of the larger Wave 3.
Factors supporting this view:
- Wave 2 formed a flat, while Wave 4 is unfolding as a zigzag - classic alternation
- The retracement depth is within the 0.382–0.5 range
- The impulses are nearly equal in size
Looking deeper, we are currently in the second impulse of the zigzag.
The primary short-term plan is a corrective move within the impulse, with the most likely range at 102-104.
Before that, a pullback toward the 95 area remains possible.
The structure would be invalidated if price drops below 89.
Conclusion
The main direction remains upward - both locally and globally.
The nearest major target lies in the 102-104 range.
Potential move from current levels: ~5-7%
Further upside is expected over time:
---
Subscribe and leave a comment.
You’ll get new ideas faster than anyone else.
---
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.