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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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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.