Dollar Index – Bears to push the market even lower – December 8th, 2020

Dollar Index, Daily chart. The outlook remains bearish. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming weeks.

Dollar Index, 4H chart. Wave 4 have been finished as a double zigzag pattern. If so, the current decline is wave 5. If correct, after a short break, the price should continue unfolding wave ((iii)) of 5.

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