DXY | Wave analysis of the ticker

#DXY. But there are still movements left anyway, I believe.

#DXY. Continuing to expect an uptrend, no change.

#DXY. Entry point to go long.

I continue to think that there are hardly any interesting ideas in forex yet – the dollar has not gone for the last path, yet, it will happen after the S&P500 historical highs. For now, just watch and trade local timeframes.

For instance, you may try to take the remaining part of the wave “B”, which was suggested two months ago (https://t.me/eightyninewaves/3369), if you want gambling. The trading plan is on the chart. Probability of take is below average, but you can try it – p/l 5.

#DXY. Entry point. Very risky, but it’s possible.

#DXY. Here is similar to euro/dollar, I don’t want to trade, yet – sideways movements are developing.

#DXY. For risky traders there may be entry points here, I am skipping for now.

#DXY. Minimum rules are met for the wave [x], but no signals to go long, yet.

#DXY. If anyone wants to short the diagonal on Monday, I marked the stop-level above.

#DXY. The wave [a] has been placed, it seems.

#DXY. As planned and unchanged.

On October 12, when everyone believed in the collapse of world markets and the automatic perpetual rise of the US dollar, I said: it will go to 100, and the fund and crypto will start to rise (https://t.me/eightyninewaves/3136). I predicted a correction of 10%-15% down on DXY, and it already happened more than 11%, another prediction came true.

On January 12, on the older chart (daily timeframe), I almost promised you a correction into the wave “B” of (C) (https://t.me/eightyninewaves/3298). Since then, the index is already up 2-3%. And as you can see, I’m not throwing my promises away – the index is following the arrows. And it will probably go up another 5% over the next month.

You can read the most senior degrees and global targets here (https://t.me/eightyninewaves/2954). By updating the asset on the 12th of each month, you are fully insured against tampering with the result. Ever wonder why other analysts don’t do that? :o)

#DXY. Shorting the euro is a bad idea also because we have a triangle on the dollar index.

#DXY. If anyone has ideas how to label the impulse in the wave “A”, then I will be glad to look at them. But don’t suggest a double zigzag in (C) – wave (B) has already been a double zigzag.

On October 12 of last year, I made a prediction about the dollar index dropping into the area of about a hundred within six months: (https://t.me/eightyninewaves/3136). And so it did, the index reached its minimum targets. That means billions of dollars are flowing into the U.S. economy, bypassing the interest rate mechanism, as was intended.

And it means that the growth of stocks, commodities, and crypto is not far off. The peak of the wave “3” of (5) in the SPX will roughly coincide with the wave (C) of [4] here, and the whole diagonal (5) will end with the end of the wave [4] in this index. Then the buck will turn out to be the most desirable asset in the whole world – everything else will fly into the abyss, and it will rise against that by only tens of percent. The S&P500 forecast is available here (https://t.me/eightyninewaves/3275).

As long as the triangle [4] is developing, the U.S. and world economies are not much of a threat except for high inflation – you can trade and invest, these are great prices for mid-term deals. The collapse will begin in at least a year, and I’ll warn you here on the 89WAVES blog about it in advance, turn on your notifications so you don’t miss updates. And tell your friends about the group – let them earn with us, too!

#DXY. Perhaps the correction in the wave “B” has begun.

#DXY. Also no change – the short is in work, I’ll try to move it to next year.

#DXY. On yesterday’s short we went by the size of the stop, half of it can be closed.

#DXY. There is a set-up to enter the short with p/l 3 on small degrees, but the probability of success is so-so.

#DXY. I suggest you read the recent update from the main @eightyninewaves channel – everything is strictly on track.