USDX Making New Lows During Dynamic

28 nov 2022

USDX should make a new low into the orange box zone. We could break the peak of Primary Cycle wave 1 and dip into a new territory. If we do then we confirm the wave count is off and we have made a wave 5 already in the primary degree and looking to make an abc correction considering we are completing A of intermediate cycle about to rally in B wave. This ABC correction should constitute wave 4 of Cycle degree then continuation into a wave 5. Once we complete the wave 4 in Cycle degree we should be looking at trading in second dimension with USDX and Indices and Cryptos. This means we should start to get bullish even while USDX is rallying or sideways. Cryptos and indices will be sideways to bullish in this time.

Things to look out for - USDX moving below 102

Indices Not making new lows on the weekly

Cryptos Failing to make new lows on weekly

YEN Pairs going bullish

Pound/Dollar trading in second dimension

Commodities rallying