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$USD Index Pattern and Price: Smaller-timeframe abc correction complete

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$USD Index Pattern and Price: Smaller-timeframe abc correction complete

Money Mind - Forex

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30-08-2008, 02:30 AM

bluetooth

The one

Join Date: May 2000

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$USD Index Pattern and Price: Smaller-timeframe abc correction complete

In the larger timeframe $USD appears to be completing W.C of an ABC correction of the rally that ended in July 2001. Likely completion of W.4:C in the smaller timeframe implies that price will begin to trend lower, eventually completing W.5 and thus the larger-timeframe W.C.

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