dollarindex

Since July, the US dollar index has rallied from a low around 80 to over 89. A 10+ percent move up. The move up was preceded by a nice “Spring” in early July. This was preceded by a bigger spring in May, 2014 (not shown). Price rallied up above the previous pivot highs of June and formed a Line pattern. This was the spring board to a dramatic rally.  An A-B-C reaction in October, presented another buying opportunity on the 4 Close Reversal.

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