I SAID BEFORE BE CAREUL OF THE DOLLAR‘S LATEST BOUNCE BECAUSE IT‘S A CORRECTIVE ADVANCE . UNDER THIS HYPOTHESIS DOLLAR SHOULD RATCHET DOWN IN AN IMPULSIVE MANNER TO MAKE ANEW LOW BELOW 89.20. WE NEED ONLY CLOSING BELOW 90.09
NOTICE;- WE HAVE A STRONG EVIDENCES THAT THE BOUNCE WAS A CORRECTIVE IN NATURE. FROM A STRUCTRUAL PERSPECTIVE THE THREE WAVE ADVANCE FROM THE LOW OF 89.20 WAS CONTAINED WITHIN PARALLEL , THE TWO UP LEGS ARE NEARLY EQUAL IN LENGTH AND THE SLOPE OF THE SECOND UP LEG IS FLATTER THAN THE FIRST.
ALL COMMON CHARACTERISTICS OF ZIGZAG. FROM A TECHNICAL PERSPECTIVE BREAK BELOW THE LOWER TRENDLINE IN FIVE WAVES DECLINE ACOMPANIED WITH A MOMENTUM BERARISH DIVERGENCE ARE CONFIRMED THAT THE (iv) WAVE IS IN PLACE. FINALLY WAVE (v) MAY BE TRUNCATED (DOSN‘T TRVEL BEYOND LOW OF 89.20) OR HITTING THE LOW OF 88.80
