Dollar Index – Downward impulse is underway – April 8th, 2021

Wave 2 might have been in place as a double zigzag. If correct, the market should continue unfolding a bearish wave (iii) in the coming hours. At the same time, wave (iv) is going to begin in the shower term, probably on Friday. 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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