WAVESUSD may be ahead of a very strong monthly rally

Waves has been trading inside a Triangle pattern since the May All Time High (ATH). Recently it broke below the 1D MA200 (orange trend-line). The RSI is close to its November 2019 bottom.

We saw the same pattern in late 2017 (June - November). At the time, once WAVESUSD broke below its 1D MA200, it made a bottom and then rallied for 1.5 months to its December 2017 Top (ATH at the time) on the 1.786 Fibonacci extension.

Are you expecting a similar pattern continuation?


--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------