Elliott Wave Analysis: USD Index Trading In A Simple Zig-zag; More Weakness In View

Gregor Horvat Wavetraders

On the 4h chart of USD Index we see price trading within a higher degree three wave decline and current bearish breakdown may be part of wave C. At the moment we see price trading within the strongest and steepest sub-wave 3). If we are on the right track, then even more weakness may follow within the mentioned wave and ideally towards the 98.00 region.

USD Index, 4H

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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