Dollar-Index-DXY finalized in Jan 2017 an entire Primary ABC (blue) Structure, thus completing Cycle Wave A (black).
Lionheart EWA has detected a High Probability Pattern which has good chances of materializing into a Market Crash. It’s not going to happen tomorrow or very soon, however the Pattern is real and we are keeping our “hawk eyes” open.
Cycle Wave B (black) has been unfolding since then with an aggressive Down-Trend which, in Elliott Wave labeling, can only be treated as an Impulse.
Because of the fact that the recent Down-Trend unfolded in fast and deep manner, the Impulse could be labeled as a 3rd Minor (red) Wave within the larger degree Intermediate (C) (turquoise).
Therefore, we are suspecting Dollar-Index-DXY to start a Complex Corrective Structure on the Up-Side which would get its head above water around the 96-97 Levels.
Lionheart EWA has detected a High Probability Pattern which has good chances of materializing into a Market Crash. It’s not going to happen tomorrow or very soon, however the Pattern is real and we are keeping our “hawk eyes” open.
Cycle Wave B (black) has been unfolding since then with an aggressive Down-Trend which, in Elliott Wave labeling, can only be treated as an Impulse.
Because of the fact that the recent Down-Trend unfolded in fast and deep manner, the Impulse could be labeled as a 3rd Minor (red) Wave within the larger degree Intermediate (C) (turquoise).
Therefore, we are suspecting Dollar-Index-DXY to start a Complex Corrective Structure on the Up-Side which would get its head above water around the 96-97 Levels.
