it does appear the dollar index may have put in a significant bottom .
ending diagonal fifth wave has the required 5 waves subdividing into 3's.
confirmation will come from the break of the upper channel line of the ending diagonal.
Hi DB, the index at 76 is at a significant point, but my take is that it will likely to go further south to last year's [july-october] level of 72. The fed printing presses are still rolling.
Watching with interest
hi airedale , my take is that there has been a completed 5 wave pattern and we will now see a reasonable correction ( dollar strength ). maybe to 82 - 85
i will wait for a break of the upper trendline of the diagonal to go long usd but big picture is for massive long term dollar weakness.
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