second attempt to break the wedge, if above, we should see a strong spike up probably in the form of a minor wave 3
there is still a high probability that we get another low as the move up is still within the wedge and there is no clear 5 waves up in the lower time frame probably a good opportunity to look for long with the new low
alternate count suggest the moves up are not what most perceived as 5 waves but in steps of 3 waves as such, us dollar could reverse big time and continue the bigger trend which is down (trump trade war could be usd negative) even if wrong, minimum 3 waves down is expected towards 50% region
price moved back up and formed new high, new high could be wave 5 but the preferred count is something more complex as wave 2 is a zig zag hence will be looking for price to move within range and kick both bulls and bears out and tossing them around like salad before the final pattern emerge should provide plenty of opportunities, good luck
While traders are now very bearish and looking for new low, I suspect this could be drag on and formed into a triangle before the final leg down Will look to buy if there is new low, if not will play around with price and going in and out scalping it
This could be part of a bigger corrective move, until we see price closed below the drawn support line, buyers will be supportive
Short term triangle invalidated, however the midterm usd uptrend should continue, for now we expect a complex correction to complete wave 4, triangle is one possibility GL
Short term favored count is a triangle, as such we expect another leg down for usd later today or tomorrow Good luck
As we can see clear 5 waves down for GU, the probability of it retracing back towards the 50% region is high Time wise it also need to take a while before correction is over, as such, mid term we favor bulls taking control Not cast in stone but is the current preferred view. GL
Short term we have what appeared to be a 5 wave leading diagonal As such we look for opportunity to long usd for at least a wave C up
This count feel forced but we cannot rule out that along the wave, a triangle wave four already formed and this move up is part of an ending diagonal Strong reaction lower will increase the validity for the short term
Price went lower in what appear to be the last wave down let us watch price for reaction, if this is indeed the last wave, we should see strong reaction failing which extension lower, good luck
Too early to know but it should be an ending diagonal We need to see a strong break above to confirm but opportunity is here
Price is still dragging lower and continue doing so until we see a completed 5 waves down or it could reverse soon before lower again in a more complex move
Price is travelling delicately within the pitchfork If it stay within it, expect it to at least test the median line first
Bears seems to be holding on very tight and seems to be repeating what it did earlier If so expect another move lower after the correcton
Am expecting reversal from usd bulls at least for the short term Good Luck!!
High probability this final move likely an ending diagonal, which once completed usd will start to fall hard, at least for short term It had extend quite far and it should provide great opportunity next week Good Luck!!