We are expecting sharp move down if this is the Running Flat correction. This correction leaves many people clueless because its B wave is bypassing the starting point of the correction. Once it touched 1.618 it confirmed to be possibly Running Flat. Once we start dropping, some may think its going to collapse. And bearish outlook will deepen. Move could be sharp and emotional but these are the C waves which will have sudden turning points.
All this is confirmed by the fact that dollar is showing the signs of weakness and is most likely to be that way till the next year.
All this is confirmed by the fact that dollar is showing the signs of weakness and is most likely to be that way till the next year.
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