Articles Related to DX

$DX - Elliott Wave Chart Analysis on Feb 14th, 2020

Expecting the dollar to roll over soon in a corrective (b)-wave after completing a proportional abc up as wave (a).

by Garrett Patten - 4 years ago

$DX - Elliott Wave Chart Analysis on Nov 6th, 2018

The dollar appears to be filling out an expanded flat for wave (ii) of c. 96.59 - 96.74 remains resistance above.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Nov 5th, 2018

Near-term direction for the dollar is a little more questionable after price was unable to hold support for wave iv of (c) last week, suggesting a top already in place for all of wave (c). If so, we may have a (i)-(ii) down off the high filling out, but a break below last week's low is needed to confirm.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Oct 31st, 2018

The dollar is approaching the 1.382 fib target at 97.28 where another local top should be seen as wave 5 of iii, setting upa corrective pullback to 96.47 next as wave iv of (c).

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Oct 30th, 2018

The dollar successfully held support cited at 96.28 for wave 4 of iii, now potentially heading to 97.28 next as wave 5 of iii. A break below 96.20 would be needed to consider anything more immediately bearish and a significant top already in place.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Oct 26th, 2018

The dollar reached the 96.78 target fib and has since turned back down, so far following the red path still. Therefore, support for red wave 4 of iii sits at 96.28 that should hold in order to turn price back up in wave 5 of iii toward 97.28 next. Otherwise, a sustained break below 96.20 would be needed to suggest anything more immediately bearish at this time and a top already in place as the blue wave (c) of b.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Oct 24th, 2018

No indication of a local top in the dollar yet until price breaks back below 95.80. Until then, it is even possible the exceed the prior August high under the red path as part of an expanded flat.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Oct 2nd, 2018

The dollar is respecting the .618 retrace resistance at 95.75 so far, but needs to break back below 95 from here to start indicating a local top in place and the start to a c-wave lower.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Oct 1st, 2018

95.75 is main resistance for this bounce in the dollar assuming it is a b-wave, so far taking a very similar shape to the (b)-wave bounce of one lesser degree off the August low.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 20th, 2018

The dollar has now made a sustained break below the prior August low, to confirm that wave (c) of a is indeed in progress already. 93.25 remains the minimum target below before wave a completes.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 13th, 2018

Dollar's last chance for a stick save under the blue path as the wider (b)-wave flat, otherwise a sustained break below the August low signals that wave (c) of a is already underway targeting at least 93.25.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 12th, 2018

While this new local low in the dollar may just be as a deeper wave b of (b) shown in blue, odds are increasing that all of the (b)-wave bounce completed at last week's high shown in red. If so, ~93.25 would be the current target for wave (c) of a.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 10th, 2018

Possible 1-2 start to blue wave c of (b) on the dollar as long as price holds above last week's low. Below there, and it opens the door to all of wave (b) already complete (or a deeper wave b of (b) as an alternative).

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 7th, 2018

Need to take out the overnight low on the dollar to assume that all of the(b)-wave bounce completed already. Otherwise, a wave c of (b) up toward 96 - 96.50 shown in blue remains very reasonable before turning back down toward new lows.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 5th, 2018

Since the dollar reached a 50% retrace of the move down from the August high, it is easily possible that all of a (b)-wave bounce completed already and price is ready to make a fresh low again. However, I lean toward only wave a of (b) complete so far, with 94.93 - 94.71 as support to turn price back up in wave c of (b) if so.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Sep 4th, 2018

The dollar is now at a 50% retrace of the move down off the August high. May still try for the 61.8% retrace at 96 before this (b)-wave bounce completes though, otherwise a break below 95 is needed to signal a local top already in place.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 31st, 2018

If the dollar can climb back above 95, that should be enough to signal a local bottom in place for wave (a), and the start to a (b)-wave bounce back toward 95.40 - 96.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 29th, 2018

I spy a micro 5 up on the dollar, suggesting a local low in place for an (a)-wave down off the high. If so, then price should head higher from here as a (b)-wave with 95.40 - 96 as the target resistance before turning back down in wave (c) of a.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 28th, 2018

Since the dollar was unable to hold last week's low, it now looks like a possible 5 waves down from the August high for a more significant top already in place as wave 1/A. 93.55 - 91.50 is target support for a wave 2/B pullback, which I lean toward seeing the lower end of.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 23rd, 2018

As long as the dollar holds yesterday's low, I'm looking for one more high to complete wave (v) of the ending diagonal 5th. Below yesterday's low and I'll assume a top already in place to the rally off the Feb low.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 22nd, 2018

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

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 20th, 2018

The dollar took the direct route to fill out wave (iv) of the ending diagonal structure, and should hold between 95.61 - 95.28 if a turn back up toward a new high as wave (v) of v to complete the ED is going to be seen next.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Aug 16th, 2018

Need to eventually break below 96.03 in order to confirm, but the dollar may have finally put in a local top as wave (iii) of this ending diagonal 5th wave, ideally heading back to 95.61 from here as wave (iv) next.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Jun 28th, 2018

The dollar continues to hold the potential (i)-(ii) i-ii setup for an extended 5th wave, with price likely consolidating in wave ii of (iii) under that count. 95 - 94.69 is support that should hold for wave ii if so, otherwise a break below last week's low at 94.16 is needed to invalidate this setup.

by Garrett Patten - 5 years ago

$DX - Elliott Wave Chart Analysis on Jun 5th, 2018

The dollar may continue to consolidate sideways a little longer in order to fill out a (b)-wave triangle, but overall lower is still expected in this pullback even under the bullish blue count to fill out the rest of wave iv.

by Garrett Patten - 5 years ago

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