DXY Is Still Bearish; Final Leg Of The Wedge Pattern?
Aug 7, 2025

DXY

US Dollar Index – DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fourth wave rally, just a bit deeper one that can still belong to an ending diagonal a.k.a. wedge pattern. Final wave “v” of 5 can be still missing, so be aware of a continuation lower within a new three-wave abc decline, especially if breaks below the lower side of the corrective channel near 97.70 level.

DXY Is Still Bearish; Final Leg Of The Wedge Pattern? DXY 4H Chart
DXY 4H Chart

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