Hi everybody
Dear uncle Dollar started its massive impulse motive wave from March 2008 and finished it in September 2022 with the price about 114.778 and then felt in a sharp bearish correction. This correction (abc cycle) had an impulse wave for its wave a and so will make a ZIGZAG. Wave b (cycle) of this zigzag is making probably a Triangle and then will continue its downward movements to make wave c (cycle).
Important point that should be considered as trader :
1 - We are in a bearish zigzag (Wave 2 or B) -------> do not get long positions.
2 - We are in a triangle and triangles are very tricky so be careful.
3 - All majors should not necessarily follow this behaviour unless in large timeframes.
Keep you and your capitals safe.
Bye
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