Following is the weekly chart of US Dollar Index starting at the bottom made in April 2011, showing one of the probable wave counts (my preferred count). As explained on the chart also, the following is observed if counted as shown:
- Wave 2 was about 50% of wave 1.
- Wave 4 was about 38% of wave 3.
- Wave i is taken to be sub dividing and taken to be longest wave of wave 1. Wave iii and wave v are equal. Counting this way, wave 3 is not the shortest of 5 waves comprising wave 1, nor does the sub-waves of wave iii overlap.
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