$DX - Market Analysis for Aug 22nd, 2018

The dollar is pushing the ending diagonal count to its limit, with price dipping below ideal support for wave (iv). The setup remains technically valid, but hard to place much confidence in seeing another high as wave (v) of v if a sustained break below 95 is seen.

DX A0 - Micro - Aug-22 0651 AM (2 hour)
DX A0 - Micro - Aug-22 0651 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.