HT USD seems to have perfectly respecting the trendline. We see the break of the line, subsequent retest and break again.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
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10 days hence it is following the trajectory downward now resting at support of 4.68. Expect that it will soon give way for further downside. Let us see.
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3 more days later - we are already half way through our target. 4.24
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And we are now at 4.05. That is nearly a 20% drop!
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Target Hit!!!!
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Perfect bounce after taget hit from .618 fib level. Closing the idea