DX

A bullish explanation on this frame of daily chart :

On the impulsive five-wave sequence up, as the ongoing wave (3), it appears that its fifth wave could still be extended to higher levels. For now, a common fibonacci target for the extreme of extended fifth wave could be around the 99.11 where, on internal waves of ongoing wave 5, the fifth wave’s length is related by the equality ratio to the first wave’s length.

DX - Daily

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