By: Fadi Steitie
Trend Expected Direction: Flat
Strategy: Elliott Waves and Fibonacci Trading.
Description: Bounce in USD Index is expected based on the golden ratios. We can see on chart how ending diagonal has landed on 1.618 Fibonacci Arc. Next move after the falling diagonal bounces back to 0.764 Fibonacci from the last wave V in a corrective form.
Target Area: Expected 9,780
Stop Loss: N/A