The dollar index moved nicely and showed a trend continuation invalidation set-up. A triangle was unfolding which is a common consolidation pattern, however it broke out the other way. Therefore I'm looking for a move towards 98 again. Below you can see my previous post of a month ago and that is still valid although it is very likely that we are seeing a leading diagonal on the 4 hour time frame by means of a 3-3-3-3-3 pattern. I will therefore be looking for a consolidation towards the projected zone for a buy opportunity.
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Commento:
watch for reversal guy's. Wave count will follow later today by means of a new post
