$DX - Market Analysis for May 30th, 2018

Did the dollar finally put in a local top? Price is trading lower today and trying to break initial signal support at 94.28. A sustained break below there is the first indication of a top in place for wave (v) of iii/c, and the start of at least a corrective pullback in blue wave iv that should target ~92.65 before completing.

DX A0 - Micro - May-30 0638 AM (2 hour)
DX A0 - Micro - May-30 0638 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.