USDNOK Wave C Higher Soon?

An Elliott case can be made for a strong USDNOK rally to get underway soon. To review, the decline from the March high was in 5 waves (textbook by the way). Since the September low, we’ve had a leg up and a leg down…waves A and B of a proposed 3 wave correction. As such, wave C is due to get underway and end above the September high of 9.6158. Reversal evidence is needed prior to entry. Visit scandex.com/author/jamiesaettele/ for more updates.