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?