Elliott Wave Analysis TradingLounge Daily Chart,DOT / U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IIWave Cancel invalid level:Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.DOT / U.S. dollar(DOTUSD)Trading Strategy:The wave II correction seems to be over and the price is re-entering the main trend, so look for an opportunity to re-join the trend in an 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 H4 Chart,DOT / U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IIWave Cancel invalid level:Details: the Decline of wave II Beware, a drop below 3.566 will break the uptrend.DOT / U.S. dollar(DOTUSD)Trading Strategy: The wave II correction seems to be over and the price is re-entering the main trend, so look for an opportunity to re-join the trend in an uptrend.DOT / U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.(Click on image to enlarge)More By This Author:
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