Dollar Index – Downward impulse to move on – April 21st, 2021

Wave 2 might have been in place as a double zigzag. As you can see on the 15m chart below, there’s a downward five-wave price movement, which is supposed to be wave ((i)). The 200 Smoothed Moving Average has acted as resistance, so we’re likely going to have wave (v) of ((i)) in the short term.

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