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In this technical article we’re going to take a look at the Elliott Wave charts charts of Dollar Index published in members area of the website. As our members know USDX has ended cycle from the 99.5 low as 5 waves structure. We were calling cycle completed at the 107.34 peak. Recently Dollar has reached extreme zone, equal legs area from the 107.34 peak and completed the short term cycle as Elliott Wave Flat.

In this article, we will discuss key market levels that must hold in order to maintain a long-term bullish bias in the stock, bond, and commodities markets.

Technical View: Nifty50 selling at high levels makes analysts cautious SECTIONS Last Updated: Jan 22, 2021, 06:40 PM IST Share Synopsis Analysts said the market action of the last two sessions has replicated the pattern of Nifty50 weakness seen on January 15 and January 18. Getty Images Analysts are cautious, even as they believe a small pullback cannot be ruled out. NEW DELHI: Nifty50 on Friday plunged over 200 points and closed below its immediate support of 14,500 level. The index formed a...