DX

Bullish View :

The 2.5 percent volatility in Dollar Index, could have completed the second wave of Minor-degree wave D up of the triangle wave (4). As noted in the prior posts, the Index would still remain in the process of correcting in sideways over the coming months.

The current advance in wave D would eventually achieve the Fibo 0.618 expansion level at 100.12, in a three-wave structure. (wave D = 0.618 wave B, a common relationship between the same direction subwaves of a triangle.)

DX - Daily

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