TRUMPUSD has been in news so it caught my attention. It shown clean EW structure so far. 5 wave impulse up followed by corrective phase which is either WXY (double zig zag) or potentially WXYXZ (triple zig zag). I have marked the second X with a question mark since it's still not clear if the correction is over.Having said that, once this correction (WXY or WXYXZ) is over and the low of wave 1 is not broken then we can expect another 5 wave impulse up which should break above the wave 1 high.
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Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
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.