Look at this #expandingtriangle pattern here formed in the #dx (dollar index) from 6/10- 6/30.
🔹Wave A = Zigzag
🔹Wave B = Zigzag
🔹Wave C = Is usually more complex than the other waves.
🔹Wave D = Zigzag but also gives the look of an impulse wave.
🔹Wave E = In rare cases take the form of a triangle pattern itself.
A triangle always occurs in a position prior to the final wave in the pattern.
In this case, the final wave of the #dx is more than halfway complete if I hade to guess. So are we expecting a reversal soon?
What do you think? I have taken note that a lot of major reversals happen at or around the beginning/end of weeks, months, and years. Why? #humanbehavior Not sure 🤔. Comment below.