Corrective ZZ wave 2?
Hi All,
It looks like USD is about to make a final push before a yearly decline of the Dollar move start happening. I am seeing this in the CAD, EUR, CHF and the USD Index.
The count for this pair is as following.
Wave 1: Impulse
Wave 2:
A wave - Impulse down from the top at 0.7835
B wave - I have this marked as a triangle as I am seeing higher lows and lower highs (Classic contracting triangle behaviour) with A, B, C, and D complete - Zoomed in detailed wave E count below.
C wave - A vs. C terminates around 78.6% retracement where the moves equal 100% so that is the market I am aiming for before a yearly long
Cheers
Don
Closer up wave E count
It looks like USD is about to make a final push before a yearly decline of the Dollar move start happening. I am seeing this in the CAD, EUR, CHF and the USD Index.
The count for this pair is as following.
Wave 1: Impulse
Wave 2:
A wave - Impulse down from the top at 0.7835
B wave - I have this marked as a triangle as I am seeing higher lows and lower highs (Classic contracting triangle behaviour) with A, B, C, and D complete - Zoomed in detailed wave E count below.
C wave - A vs. C terminates around 78.6% retracement where the moves equal 100% so that is the market I am aiming for before a yearly long
Cheers
Don
Closer up wave E count
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