DXY Technicals – FED Rate – Ready for a Bullish Corrective
DXY is technically looking like it could be ready for a Bullish Bounce following the Bearish outcome on 12th Dec 2017, which was seen by me in advance, as per the “FED December Rate Hike – DXY Technicals – Elliott Wave Analysis” post.
Now I believe that the Dollar could start a Bullish Corrective Pattern which could last a bit of time (2 weeks), due to the fact that we are talking here about Minute Wave IV (red), following the Bearish Extension.
Looking ahead, I am awaiting a possible confirmation from a Bullish Divergence at the Fibonacci Extensions, after a last Bearish push, as projected in the video below.
