HT USD seems to have perfectly respecting the trendline. We see the break of the line, subsequent retest and break again.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
Comment:
10 days hence it is following the trajectory downward now resting at support of 4.68. Expect that it will soon give way for further downside. Let us see.
Comment:
3 more days later - we are already half way through our target. 4.24
Comment:
And we are now at 4.05. That is nearly a 20% drop!
Comment:
Target Hit!!!!
Comment:
Perfect bounce after taget hit from .618 fib level. Closing the idea