On a monthly frame the pattern implies the next leg down in a strong trend, even potentially as a part of the impulse, wave 3.
On a working trading frame, although, the price action shows a corrective trajectory, that, after completing a three wave pullback, dollar has high chances to go higher.
Last fall is 50% that is typical for the first wave of an ABC or a WXY correction.
Hope this helps.
Good luck!
On a working trading frame, although, the price action shows a corrective trajectory, that, after completing a three wave pullback, dollar has high chances to go higher.
Last fall is 50% that is typical for the first wave of an ABC or a WXY correction.
Hope this helps.
Good luck!