Dollar Index – Fourth wave to continue – November 2nd, 2020

Dollar Index, Daily chart. The market has been declining since wave C of (B) finished. It seems like a bearish impulse for wave (C) hasn’t been finished yet. If correct, after a short break, we’re going to have a new local low.

Dollar Index, 4H chart. Wave 4 is likely taking the form of a triangle. This scenario will be in force as long as the price remains below 94.74. Wave ((c)) is almost over, so wave ((d)) should begin shortly.

Scroll to Top