U.S. Dollar IndexShort
Possible ABC FLAT - We could be set for a large wave 3 lower
Playing around with some Elliott Waves theory.
We have seen a 5 wave structure from the major highs to form wave 1.
We could be set for a large wave 3 structure lower after an ABC flat corrective wave.
Large money printing from the FED could cause a decreased demand for USD.
If we are over the corona-virus scare there will also be a decreased demand for the 'safe haven' USD.
What is everyone's thoughts on this setup?
We have seen a 5 wave structure from the major highs to form wave 1.
We could be set for a large wave 3 structure lower after an ABC flat corrective wave.
Large money printing from the FED could cause a decreased demand for USD.
If we are over the corona-virus scare there will also be a decreased demand for the 'safe haven' USD.
What is everyone's thoughts on this setup?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.