there is one thing still concerning me.. that the AUD/USD hasnt broken out
i think i shared this EW possibility a year ago on this forum, while the rotation looks to be on the doorstep, there is still a possibility that teh US markets have one last blow off top and we hjave to wait a while longer im not a huge fan of ellitt wave reliability.. it often looks clearer in hindsight when its too late to act on im no expert on EW... maybe there are other ways of viewing wave 4 as a running flat corrective raher than the small abc that i have in there
i will feeel a lot more comfortable that the reign of the USD is at an end when it breaks down out of the rising channel, at the moment it looks like its turning for a dead cat bounce, but with all the flip flopping on US trade policy.. who knows maybe they reverse course on policy and trigger the final run for the DXY (possibly even a blow off top with a 5th wave extension)
DXY
USL Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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