Photo by Jay Gomez on Unsplash
USDNOK is in free fall in the hourly chart after we spotted a completed expanded a-b-c flat correction in wave 2. With the current five-wave impulsive reversal down from projected resistance, we can easily expect a bearish resumption within wave 3, just be aware of a new pullback in subwave »ii« before the downtrend within wave »iii« of 3 resumes.
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