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Wave 2 of this Krazy Killer C Wave finished Friday and I was busy catching it with all its crazy price action that day and wave 3 has started so expect to see a decline.
This one should take it down to around the 1.07 area for a nice profit before another corrective advance begins.
I will provide updates on this one and we should probably have the US midterm...
Wave 4 hasn't even finished yet and a lot of people are losing their minds watching too many doomsday videos.
Let's just wait for at least Wave 5 to finish before thinking any kind of fall in this market is going to happen.
This pullback looks done, here is a good place to short with a stop above 71.308.
Short Term Traders can Target the recent low (70.411) otherwise you can let it run until further updates.
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See my related idea which was the reason I posted this.
After OIL hits the $80 area and 5 waves up since 2016 are complete prices should collapse to around $15.
The rule of alternation means waves 2 and 4 are different in complexity.
Wave 3 slopes more than wave 1 which means that there is a lot of downside pressure and is only acceptable because this is a corrective wave.
Wait for a break of the trend line before...
Same scenario as USD in reverse but slightly different waves between DXY and EUR which is extremely important when trying to decipher the wave puzzle.
With wave 2 complete expect swift wave 3 down.
With enough interest in these charts I will post more updates along the way.