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!
Catatan
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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📊 Free analysis (Telegram):
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t.me/Crypto_Wick
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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
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.