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Sonny / ARTICLE

I am looking for DXY to hit around 103.300 on Friday as a trigger to take profits across the board. This is a textbook parabolic structure as you can see by the bases being built and the parabolic curve. Now we go for wave 5 which is usually the sharpest impulse. The Fib time pivot is lining up for a major risk off move this week and the 1.618 extension is the measured move from the A wave that caused disaster back in March. I have a feeling this deleveraging event will be so violent that it will take many by surprise and make August 2024 look like childs play. The market is so much more fragile at this point in the cycle and nobody is interested in protection judging from VIX + VIX curve. These are the perfect ingredients for a liquidation cascade down in risk assets.

Published Jul 12, 2026Updated Jul 12, 20262 min read
I am looking for DXY to hit around 103.300 on Friday as a trigger to take profits across the board. This is a textbook parabolic structure as you can see by the bases being built and the parabolic curve. Now we go for wave 5 which is usually the sharpest impulse. The Fib time pivot is lining up for a major risk off move this week and the 1.618 extension is the measured move from the A wave that caused disaster back in March. I have a feeling this deleveraging event will be so violent that it will take many by surprise and make August 2024 look like childs play. The market is so much more fragile at this point in the cycle and nobody is interested in protection judging from VIX + VIX curve. These are the perfect ingredients for a liquidation cascade down in risk assets.
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