USD wave count (testing)
Okay, I am still a little shaky on wave count and certain part of it requires intuitive guess. Anyway, here goes.
Fig 1 USD Weekly Chart
Looking at what USD has done so far, I suspect it is performing a huge counter wave after its descent from higher than SGD2 per USD. I am expecting that this would be the "C" wave at the moment, this provided my wave count is right. So far my exopectation of an up move is also base on the 14 weeks RSI reversing up from the bottom after a divergence.
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