Five wave retracement of wave (C) which we are in the final phase of wave V which tends to test the 2.406 level, so the overall picture remains in a downtrend.DOT/ U.S. dollar(DOTUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum.
DOT/ U.S. dollar(DOTUSD) 4h ChartDOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: Wave IV is likely to be completed and price is likely to drop at 2.406DOT/ U.S. dollar(DOTUSD)Trading Strategy:
Five wave retracement of wave (C) which we are in the final phase of wave V which tends to test the 2.406 level, so the overall picture remains in a downtrend.DOT/ U.S. dollar(DOTUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum.
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:Natural Gas Elliott Wave Technical Analysis
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