I have been following the Dollar Currency Index very closely for a while.
It has rejected the breakout on a higher time-frame but still hesitates to make some sharper moves down. In my last twitter post I tried to guess the top of the correction wave and I was wrong by quite a bit :D. This was because I was impatient and that is why you always wait for confirmation.
My wave count suggests that the downwards rally should continue. This could take some time to play out because we have a lot of support areas ahead. But don´t get too rusty.
Stay sharp folks and good luck
It has rejected the breakout on a higher time-frame but still hesitates to make some sharper moves down. In my last twitter post I tried to guess the top of the correction wave and I was wrong by quite a bit :D. This was because I was impatient and that is why you always wait for confirmation.
My wave count suggests that the downwards rally should continue. This could take some time to play out because we have a lot of support areas ahead. But don´t get too rusty.
Stay sharp folks and good luck