Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartDOT/ U.S. dollarDOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (C)Wave Cancel invalid level:Details: The five-wave falling in wave V.DOT/ U.S. dollar(DOTUSD)Trading Strategy:
Five wave V retracement, the final wave of wave C before resuming the uptrend. We expect the price to drop to test the 2.227 level. So the overall picture is still a short-term decline before resuming the uptrend.DOT/ U.S. dollar(DOTUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge 4hr ChartDOT/ U.S. dollarDOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (C)Wave Cancel invalid level: Details: The five-wave falling in wave V.DOT/ U.S. dollar(DOTUSD)Trading Strategy:
Five wave V retracement, the final wave of wave C before resuming the uptrend. We expect the price to drop to test the 2.227 level. So the overall picture is still a short-term decline before resuming the uptrend.DOT/ U.S. dollar(DOTUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.
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