Loading ...USD Trading Cycle
The USD has found a near term Trading Cycle top and is seeking out is next TC Low. My cycle counts on the USD’s longer Intermediate Cycle are somewhat clouded, but if the USD did have an IC Low back in mid-August (one of my possible IC counts), then it’s bullish run may not be done here.
Allow me . . . as long as we hold 97.25, we still have a smaller degree 5th wave up to 99.73 region for the top of a (c) wave in a b-wave corrective rally, setting up a drop to the 90-92 region in the DXY!! 🙂
Thanks Avi. As bullish as this move has been, I suspect that my horizontal lines may hold as a TC Low (Blue on the first chart and Green horizontal on the second).
Many cyclists can be stubborn and want to see a trend line break but Time is just as important as trend lines (witness the bullish move from mid 2104 into early 2015).
Back then, many cyclists had very long counts and ignored the Time based consolidations that formed mostly as pendants.
Time is critical here!
Even if 08 Sep hosted a shortened DCL this current cycle has been abnormally long and may find a DCL very quickly.
I prefer to look at the time from 18 Aug ICL