FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

Through the analysis of internal wave structures on the H4 charts of major pairs, I have come to a conclusion regarding the developing wave model of the #USDX dollar index as part of the 2nd corrective wave. Now, after the fully formed expanded leading diagonal as wave "a" of a potential south zigzag "abc", there is an understanding in the near perspective of the asset's development from a wave perspective. Starting from the level of 98.85, we are forming the internal structure of wave "b" of the mentioned zigzag. This wave can be any of the known corrective structures. Apparently, the completion of the 2nd corrective wave will be limited by a re-test of the lower positioned MA200 moving average, after which the ascending trend of the index will continue to develop (in the form of forming the 3rd wave). Such a wave scenario of the asset's development, in my opinion, looks optimal.