Dollar Index – Bearish impulse is over – May 3rd, 2021

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 been broken, so an upward correction is likely underway. If so, the pair should continue developing wave 2, probably as a zigzag, in the next couple of days.

Get 30 Days FREE Trial

Professionally done-for-you daily Elliott Wave analysis.

Instant access - no credit card required

Scroll to Top