GWaves

$USDOLLAR Bullish Wolfe Wave @ Geo's Off-Set Rule

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FX:USDOLLAR   Dow Jones FXCM Dollar Index
Hello Traders,

A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside.

Here we have a perfect setup for a bullish move.

1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a target.
2. The smaller Wolfe Wave in the triangle also gives a signal of bullish moves ahead.

If you'd like to learn more about the Wolfe Wave and Geo's Off-Set rule you can visit the links below:

wolfewave.com
www.tradingview.com/u/4xForecaster/
Kommentera:
Please excuse the grammatical errors in this post.
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