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If the next hourly RSI2 read would be >6.5 that would make this leg 2 down end in a vertigenta & so wave 3 is already in progress
There is always a 250 or so pips range where the daily consolidates - this is why I used to have a rule not to short within 160 pips from the low. An ABC correction would take up something between 8 and 15 days. image
Everything you ever wanted to ask about divergences, but never dared.
Searching for Safety “The stronger dollar likely has more to do with a hawkish repricing of U.S. monetary policy expectations, with a sprinkling of short-covering on top, than any explicit haven demand.” Caxton FX’s Brown said. “The latter, though, ...