Dollar Index – Downward impulse to move on – April 22nd, 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 1. The 200 Smoothed Moving Average has acted as resistance once again, so we’re likely going to have wave ((v)) of 1 in the short term.

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