Hi All,
I've been looking at EUR, DXY, Cable, and Swissy for a while now and my counts are all pointing to USD falling. (Please review my previous posting) - This also tells me that the looney will be falling as well.
Revised count:
Wave 1 - From the top labelled as (c), A clear 5 wave impulse down
Wave 2 - Flat correction
Wave sub 1 of 3 - from the top labelled c, another clear 5 wave impulse down
Wave sub 2 of 3 - Flat correction
Elliot wave guideline: Both corrective flat wave 2 retraced to around 90% of the previous impulse - an indicator of a flat correction termination point.
Forecast wave - We should now see the beginning of a wave 3 to the downside
Let's see what the French Elections hold as the results could push the USD down (Finally)
Happy Trading
I've been looking at EUR, DXY, Cable, and Swissy for a while now and my counts are all pointing to USD falling. (Please review my previous posting) - This also tells me that the looney will be falling as well.
Revised count:
Wave 1 - From the top labelled as (c), A clear 5 wave impulse down
Wave 2 - Flat correction
Wave sub 1 of 3 - from the top labelled c, another clear 5 wave impulse down
Wave sub 2 of 3 - Flat correction
Elliot wave guideline: Both corrective flat wave 2 retraced to around 90% of the previous impulse - an indicator of a flat correction termination point.
Forecast wave - We should now see the beginning of a wave 3 to the downside
Let's see what the French Elections hold as the results could push the USD down (Finally)
Happy Trading
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.