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Logical target after 5x stretch from the mean is a mean reversion image
Think about what is happening: everybody beleives that the Fed is printing money and so the USD is going to zero, therefore everyone is shorting the dollar in one way or another completely offsetting the fact that the Fed cannot print money at all, ...
The correction (Wave 4) was a running flat, so this is now wave 5 of Wave 5 - the beat image
Still looking like a wave 2 despite of the breaking of the continuation divergence at 1.1854 image