'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 
I wrote yesterday that the USD/Index could be forming a triangle. Indeed it appears that this is the case. The triangle is not symmetrical however it is forming following a strong thrust which is the correct position.
The triangle itself should have 5 waves as its internal pattern. At this time, it is difficult to clearly see if it is best counted as 3 waves or 5. So whether it is complete is still subjective. The other thing I am observing is the confluence of several trend-lines and barriers and I am watching to see if the price action will challenge 84.50 one more time.
These triangles usualy give way to continuation. Do remember however that sometimes what looks like a tirangle may in fact be a combination of patterns that is not yet complete and the triangle patterns fails.
Hi Pierre,
It’s good if you update to us dollar index new devolpments daily.
Thanks
Dear ST FX
Indeed I will update the index more frequently then