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A 5 wave decline for the Dollar again

17 Feb 2021 ‚óŹ 04:05 AM

The dollar index displays a very clear 5 wave decline on hourly charts after what was a 3 wave advance upwards in the previous bounce. Both are second waves of different degrees. This is wave 2 of 3 up that should end here near the wave iv high of the previous fall or if it goes higher near the 61.8% retracement mark near 91.03. The bear market in the dollar is not over and we are not going to rally in USD based on EW charts.

Both are second waves of different degrees. This is wave 2 of 3 up that should end here near the wave iv high of the previous fall or if it goes higher near the 61.8% retracement mark near 91.03

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