DX

Bear trend in place but expect more sideways in short term :

It seems that Dollar Index’s Intermediate wave (4), now has potential of developing in sideways around the 95.37, as its flat or triangle Minor wave X, prior to resuming the decline in an A-B-C zigzag as Minor wave Y.

Note : Based upon this alternate count, the wave (4) is tracing out a “Double Zigzag”.

DX - Daily

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