Hi everybody
Dear uncle Dollar started its massive impulse motive wave from March 2008 and finished it in September 2022 with the price about 114.778 and then felt in a sharp bearish correction. This correction (abc cycle) had an impulse wave for its wave a and so will make a ZIGZAG. Wave b (cycle) of this zigzag is making probably a Triangle and then will continue its downward movements to make wave c (cycle).
Important point that should be considered as trader :
1 - We are in a bearish zigzag (Wave 2 or B) -------> do not get long positions.
2 - We are in a triangle and triangles are very tricky so be careful.
3 - All majors should not necessarily follow this behaviour unless in large timeframes.
Keep you and your capitals safe.
Bye
Dear uncle Dollar started its massive impulse motive wave from March 2008 and finished it in September 2022 with the price about 114.778 and then felt in a sharp bearish correction. This correction (abc cycle) had an impulse wave for its wave a and so will make a ZIGZAG. Wave b (cycle) of this zigzag is making probably a Triangle and then will continue its downward movements to make wave c (cycle).
Important point that should be considered as trader :
1 - We are in a bearish zigzag (Wave 2 or B) -------> do not get long positions.
2 - We are in a triangle and triangles are very tricky so be careful.
3 - All majors should not necessarily follow this behaviour unless in large timeframes.
Keep you and your capitals safe.
Bye