WOW, once this gap feels in oil get ready for the correction. most wave 2 are zigzags and with this huge move up i think it would be expected. Also, look at the volume significant drop in volume. In the near future there will be big risk off moves in all assets. watching bonds and YEN pairs
Something definitely seems weird with the dollar and the GBP. We either need a longer side ways pattern or we realllllly take off from here. If price doesnt give us a stronger move higher from these levels i will begin to feel suspect of a longer consolidation pattern in play. This does look like a longer term play
Trade in Progress. Long USDJPY.
Even thought the USD will get weaker compared to other currencies, The yen will still get weaker faster. look at FXY, the YEN is also considered a safe haven but the stock market is headed a lot higher from here.