Elliott Wave: Dollar Index At Support Ahead Of US CPI Week

With the current bounce from 105.50 2023 trendline support on DXY, it seems that dollar bulls are not done yet, and that there can be another rest of 108 area before we get a big reversal later this month, start of January. So dieally, wave C that we are tracking can be incomplete, but soon can come into late stages of a recovry, maybe we will get another push up this week if US CPI will come out hot. However, whenver we reach a new high, I think that reversal can be strong then, especially at the start of next year when Trump will take office. Same thing happened in 2016/217.
However, any drop from here and below 104.65 is early indication that top is in.
For more details check the video below and also make sure to visit us at www.wavetraders.com
