Market has completed its 5-3 waves cycle. It has been in a down trend (corrective move) after the 5th wave completion since the beginning of 2017. This market has now also completed the ABC Corrective wave and its ready to form its 2nd wave of the big swing (light green). Also, it has reset the entire rallied after the Trump's victory, and sitting at the same area. This is a key area, we're likely to see USD start to go bullish from here.
Let the market tell us what to do..
Let the market tell us what to do..
Comment:
Market is still stalling at the area, but we can see that the market has formed a small pinbar there and potentially closing as another pinbar, which makes a tweezer bottom. This is a sign of reversal. Let's see what FOMC does to the market tomorrow!