The chain reaction is starting to show up on the charts. 🔗
💵 The dollar:
$DXY’s bounce looks close to done. A turn lower from here, or one final push higher to end cycle from August low before a pull back both point to the same outcome
🥉 Copper is already moving: up ~4.5% from last week’s low, and rising in a way that hints at more than a bounce.
🥇🥈 Gold and Silver: if the dollar turns, they’re the next in line.
📈 Indices: Nikkei is still bouncing as we expected. The question now is whether this is a pause before more downside, or the start of something bigger.
One market sets up the next, and we mapped the full path in today’s Group 1 Live Session. The recording is up for members.
$DXY $XAUUSD $HG_F $NKD_F
#ElliottWave