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.
---
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.