Looking for DXY to bounce here

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Valutaindex för U.S. dollar (TVC:DXY)

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TVC:DXY Valutaindex för U.S. dollar

Whilst it is subjective as to whether or not this has been a 5 wave pattern, I think it's fair to say that the odds of a DXY bounce from here look good. I'm looking at it from a point of view that other currencies against the USD look good to sell, namely the AUD, CAD and the EUR (at time of writing, these have already moved a little bit). Look to sell these currencies and watch the DXY for a bounce back to retracement levels that should confirm your on the right track. If it is a 5 wave pattern, then possibly we are beginning the B wave of an ABC correction. To me, a lot of thing line up

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The DXY has failed below the 50% retracement mark now, so something else is happening. I'd wait till March 2019 FOMC is out of the way and reasses

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DXY could have a melt down now, so stand clear and lets take a fresh look at price action in a day or 2

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