Will the USD Gain strength this week?
Given the illustrated paths in Red, White and Blue. I expect to see a change in sentiment sooner than later. That being said, Will we see the USD gain strength? So.. First I take a look at some clues.
1. Impulsive move lower ✓
2. Ending Diagonal 5th ✓
3. Corrective 3 waves up ✓
Then on the contrary we can say...
1. 5th Wave is not completed
2. My count is invalid and bearish move is 3 waves down not 5
3. Lower Low has been made
4. It's too early to tell and we will have to see what will play out.
1. Impulsive move lower ✓
2. Ending Diagonal 5th ✓
3. Corrective 3 waves up ✓
Then on the contrary we can say...
1. 5th Wave is not completed
2. My count is invalid and bearish move is 3 waves down not 5
3. Lower Low has been made
4. It's too early to tell and we will have to see what will play out.
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.