USDNOK - developing structure to the downside

2019-11-22 19:25:49

This structure may imply that the idea with EURNOK will need a revision with respect to the correction that is taking place (likely to be extended).
With this instrument the structure looks like wave C is missing, and the move up that started on the Nov 18th, is in three waves. That is, most likely, a part of an ending diagonal, that will complete a larger three-wave corrective pattern.

Good luck and take care!