DXY. Leading diagonal or ending diagonal in wave 5?

18 сент. 2016 г.

I am showing a count for a leading diagonal as wave 1 of wave 5 for the Dollar index, looking for a 5-3-5-3-5 count. I'm sure I could also count this as an ending diagonal too (3-3-3-3-3) which would suggest that while there is more upside in the Dollar, there is less so and a trend change could be more imminent. However, whichever way you count it, I believe the Dollar will rise from here and could hit around 100 before making any serious retracement or changing its trend.