Friends,
Here too, a temporary rally in the bear-beaten Dollar might occur to the geometric extent defined in the chart, as a Wolfe Wave just completed its 5th cardinal position:
A structural level, as well as the Wolfe Wave's 1-4 Line are likely to dampen any further advance, as one should expect that Fed's no-hike decision is likely to limit an further bullish ambition for the time being.
OVERALL, the
USD is likely to rally reactively to yesterday's sell-off. However, expect significant overhead hurdles to dampen the rally. The most immediate high-probability price action is offered through Mr. Bill Wolfe's Wolfe Wave pattern, unless price fell to lower levels and completed a Geo - In either case, Price level of Point-4 is likely to impose its strongest bearish ripost.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
LinkedIn:
David Alcindor
-----
.
Here too, a temporary rally in the bear-beaten Dollar might occur to the geometric extent defined in the chart, as a Wolfe Wave just completed its 5th cardinal position:
A structural level, as well as the Wolfe Wave's 1-4 Line are likely to dampen any further advance, as one should expect that Fed's no-hike decision is likely to limit an further bullish ambition for the time being.
OVERALL, the
USD is likely to rally reactively to yesterday's sell-off. However, expect significant overhead hurdles to dampen the rally. The most immediate high-probability price action is offered through Mr. Bill Wolfe's Wolfe Wave pattern, unless price fell to lower levels and completed a Geo - In either case, Price level of Point-4 is likely to impose its strongest bearish ripost.Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
LinkedIn:
David Alcindor
-----
.
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