#USD is the next #bubble | $USDPHP | Elliott Wave in weekly TF
USDPHP | Elliott Wave Principle in Weekly Timeframe | ForecastThis week marks the hit of our parallel channel Zigzag correction for WaveB SUPERCYCLE. This tell's us that USDPHP is currently at parallel resistance. once the rejection starts, we can see that USDPHP will go around 55-54php per US dollar as alternation of correction suggested a Zigzag correction within its degree as sub-rule of Elliott Wave Theory.
After the correction to 55-54php, It's projected to continue it's uptrend up to 61php per dollar. It will also show exhaustion of the market and complete its WaveB Expanding flat correction on a SUPERCYCLE degree. If my SUPERCYCLE count is correct, we can expect a great deflation of the US dollar in the next 6-10 years. and exchange rate around 36-34php per dollar also as to FILL the GAP on 1998.
Please see my SUPERCYCLE count in the comment 👇
#elliottician #fillthegap #USD is the next #bubble
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