Elliott Wave Analysis of the US Dollar Index by Sid from Elliott WavePredictions.com. Click on the chart twice to enlarge. My alternate count is now the main count, and vice versa. Either way, the Dollar is either already in wave 3 up, or soon will be. A big rally in the dollar appears to have started on May 4, just a few days after I called for the turn, with only a very slight lower low occuring after what seemed like a “lone cry from the woods”. Final confirmation of the trend change will occur with any movement above 76.88, the extreme of wave 1 pink within the final bearish wave 5 blue.

See the comment on the chart about how the market runs in different gears at different times? This is the sort of thing (and lots more) that I cover in my weekend webinars. Hope you can join me in one soon!

Sid Norris
ElliottWavePredictions.com