Will the USD Gain strength this week?
Given the illustrated paths in Red, White and Blue. I expect to see a change in sentiment sooner than later. That being said, Will we see the USD gain strength? So.. First I take a look at some clues.
1. Impulsive move lower ✓
2. Ending Diagonal 5th ✓
3. Corrective 3 waves up ✓
Then on the contrary we can say...
1. 5th Wave is not completed
2. My count is invalid and bearish move is 3 waves down not 5
3. Lower Low has been made
4. It's too early to tell and we will have to see what will play out.
1. Impulsive move lower ✓
2. Ending Diagonal 5th ✓
3. Corrective 3 waves up ✓
Then on the contrary we can say...
1. 5th Wave is not completed
2. My count is invalid and bearish move is 3 waves down not 5
3. Lower Low has been made
4. It's too early to tell and we will have to see what will play out.
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