Double equality target in gold? Say what? Looking at these moves as a series of three-wave corrections higher, we see that larger Wave (A) = (C) and minor Wave [a] = [c]…hmmm….due for a rest? Could coincide with another short-term bottom in the US dollar….(second chart below)….
US Dollar Index: A push down toward are target...correction complete?
19 July 2019/11:46 a.m. ET
A few days ago we shared this view, targeting down toward 96.60 to complete minor Wave [ii] correction in three waves. Well, we got to 96.67 for the low and have rallied since then. Thus, this is part and parcel to our trades today. Based on our intermediate-term view; and if this is a completed correction, the dollar is poised for a sharp rally.
Currency Currents is strictly an informational publication and does not provide individual, customized investment advice. The money you allocate to options should be strictly the money you can afford to risk. While every effort is made to evaluate the actual experience of subscribers, all performance figures must be considered hypothetical, and past results are no guarantee of future performance. Detailed disclaimer can be found at http://www.blackswantrading.com/disclaimer.html