This is my current count on the USDX. Although there are several possible counts at the moment, this is what I speculate is underway. I expect a retracement to at least the 7580 level before further upside. I am fairly confident that the wave 1 impulse I have marked is correct. Robert Balan states: "The normal retracement of an irregular correction is 38.2 percent from the orthodox end of the adjacent impulse wave," and wave C of the irregular flat finishes almost exactly on the 38.2% Fibonacci of the entire first impulse.
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