USDMEX - Elliot Wave Analysis - Wave b
//Elliot Wave Analysis//
USDMEX is finishing wave a and moving into wave b.
//Sentiment Analysis//
18DEC2020 COT Report indicates a shift in sentiment with an increase of 21,641 short contracts, bringing the net position of non-commercial traders to -3,227.
//Price Action//
Price could push down towards the end of wave 4 at 17.44984, but no further. If the price closes beyond that then the wave count is invalid.
USDMEX is finishing wave a and moving into wave b.
//Sentiment Analysis//
18DEC2020 COT Report indicates a shift in sentiment with an increase of 21,641 short contracts, bringing the net position of non-commercial traders to -3,227.
//Price Action//
Price could push down towards the end of wave 4 at 17.44984, but no further. If the price closes beyond that then the wave count is invalid.
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