After the topping at 100.785 as extreme point of the wave (3), DX sharply slid to triangle fourth wave area of the extended wave 5. As an alternate count, it could be only wave A of the corrective wave (4) likely in progress.

How far down can the ongoing correction be expected to go?

Quiet often, fourth waves retrace 38 percent of third waves. Hence, an ultimate target for the overall wave (4), could be around the Fibonacci 0.382 retracement level at 92.785 .

DX - Daily


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