Elliott Wave 5.0 "Reboot"

Tuesday, January 12, 2016

US Dollar Intraday Rally Review

At this time I am still working the US dollar as a potential "D" wave top and a potential "E" wave crash in the cards.  The counter rally is not good enough for even a diagonal 5th wave, as too many waves overlap.  Yes, my present small degree "B" wave top in Minuette degree could also get retraced, creating another high, but a new record high will surprise me as it would cross in a very choppy fashion.

Chances are good it will still take time to clear this mess up.  I will switch to the March charts for awhile, as real contract months can have major differences from what cash contracts have.