26 Mar 2021 ● 07:18 AM
The dollar has been rising in wave Y. Here W developed as a zig-zag and Y as a double zigzag. Is it over then? We do not know. Even if the dollar falls short term it could be one more X wave and so unless we get a trend reversal at all degrees of time or a clear impulse down we will not know for sure that the trend has changed. Wave 2. In short, we can get a pullback in the dollar but the trend higher may continue, is the proper view till changed. This rise is wave 2 long-term and will be followed by wave 3 down only after it is complete.