USDNOK - developing structure to the downsideThis structure may imply that the idea with EURNOK will need a revision with respect to the correction that is taking place (likely to be extended).
With this instrument the structure looks like wave C is missing, and the move up that started on the Nov 18th, is in three waves. That is, most likely, a part of an ending diagonal, that will complete a larger three-wave corrective pattern.
Good luck and take care!
