5)
[.5]
[.b]
[3]
[b]
3)
[5]
[d]
[4] [.a]
[3] [1]
[.c]
[2]
[4] [a]
[c] [e]
1) [1] 4)
[2]
A break below 82.60 would leave me with this model. It would mean that we
completed a wave higher at 83.56 and should be prepared for several days of
sideways/lower congestion that could take the DXY down to 81.40.
2)
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5)
[b]
b)
[3] [c]
[a] [2]?
[b]
3)
[d] [4] [a] [1]?
[1] [b]
[4]?
[c]
a)
[2]
[3]?
[a]
[e]
[c] 4) [5]?
c)
1)
The market broke below short term support at 82.60 last week, which then gave us this
wave count. If this is a bullish ³impulse´ from 80.08 to 83.56, and it certainly resembles
one, then the market should not trade below 81.41. It¶s also possible to count a completed
abc) corrective µflat pattern¶ here. Therefore, we are looking for ³bottoming´ action in the
2) DXY this week.
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