Dollar Index – Downward impulse is underway – April 6th, 2021

Wave 2 might have been in place as a double zigzag. If correct, the market should finish unfolding a bearish wave (iii) in the coming hours. In this case, wave (iv) is going to begin anytime soon. However, if the price goes through the low of wave (i) (see the 15M chart below), there’ll be a green light to have a longer wave 2.

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