dxy 2-22 update ~
morning,
it was last february when i called out the rise of the us dollar, and it has been moving up ever since.
my initial upside target back then was at about $99.
you can view that idea over here:
----
we moved up in what looks to me, like a leading diagonal.
>a leading diagonal can be counted in only two ways,
>wave (A)
>wave (1).
we won't know for sure which one it is, until wave 2\b plays out \ we see the kind of momentum it has on the way back up.
----
ps. I will say this though, if this plays out as a larger 5 wave impulse - it will be cataclysmic for the global markets.
✌
it was last february when i called out the rise of the us dollar, and it has been moving up ever since.
my initial upside target back then was at about $99.
you can view that idea over here:
----
we moved up in what looks to me, like a leading diagonal.
>a leading diagonal can be counted in only two ways,
>wave (A)
>wave (1).
we won't know for sure which one it is, until wave 2\b plays out \ we see the kind of momentum it has on the way back up.
----
ps. I will say this though, if this plays out as a larger 5 wave impulse - it will be cataclysmic for the global markets.
✌
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