usd broke monthly resistant line
as the waves are messy where one cannot count clear 5 waves up without forcing it, will prefer to count it as corrective
the problem with corrective waves is it can be tricky, however, if price is back below 112.6, it will be consider as false break and a bigger move down can be seen, at least 50%
the problem with corrective waves is it can be tricky, however, if price is back below 112.6, it will be consider as false break and a bigger move down can be seen, at least 50%
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.
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.