Comments on the chart
Commentaire:
Price moved down hard today mirroring the DXY weakness. The idea is still on
Commentaire:
The selling petered out on friday and price put in a double bottom. According to my wave count I am looking for more downside and this price action could just be an internal retracement move like a wave 4 of 5. So I am watching it closely. If price had gone even just 1 tick below the wave 3 low the 5 wave down idea would have been fulfilled. I do not think the $ has strength to put in a truncated 5th imho
Commentaire:
Just as with the DXY idea (4) is still intact. So idea is still on for some downside