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.
dollar index – triangle pattern #dxy #dx
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.
Wave 5 of an ABC Zigzag from 6/30/20-7/24/20 #dx still unfolding
