DX

Sideways Developing :

Today is the first strong rally day in Dollar Index in the last month, that would raise confidence that Minor wave D advance is underway.

As noted in the prior posts, Intermediate wave (4) would develop in sideways over the months ahead. With respect to a triangle correction as the fourth wave, its Minor waves A and B are complete, wave C could have completed too, wave D up is ongoing, and wave E down/sideways will lie ahead.

DX - daily

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