DXY-Still we are in wave iv) and v) to 93.4 (ALTERNATE VIEW)
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MAREKT COMMENTARY:
1. I thought the wave v) completed and i am expecting a 3 wave structure for wave 2) but now the price action looks like still wave iv) ahead and yet to make.
2. The wave "v" got extended and wave iii) completed in the high it made previous @ 93.20 and we are in wave iv).
3. Once the wave iv) got completed i am expecting it will shoot for wave v) to the previous resistance 93.4-93.7.
4. THIS IS AN ALTERNATE WAVE AND HAVE TO LOOK FOR THE PREVIOUS IT HAS A CHANCE FOR COMPLETION IN 93.2 TOO... AND WE ARE IN DOWNTREND TO 91.7 FOR WAVE 2) IN 3 WAVE STRUCTURE.
5. I will be in BUY side only in $$$$ expecting a correction i wont be in SELL SIDE...so if it reaches 91.7 you need in BUY.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Edited 23 Jul 2021, 16:03
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