dxy record high in 20 years - 27.09.22 Analysis

Critical point in the usd history. 5 clear waves (1-5). Still waiting for sub waves confirmation of the final. The next few years should play the correction. xau already has a rigid reversal structure forming, lots of long opportunities coming up. Probably the long await relief for bulls. The dollar has been strong for some time, time to turn the tables around, it’s about time for a correction. The path drawn is for depicting the structure that should follow, rather than areas of interest.

Breaking beyond the rectangle invalidates the setup.


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