USDNOK Is In Free Fall

By Gregor Horvat

Thursday, April 13, 2023 11:15 AM EST

a laptop on a table

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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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only. Visit www.wavetraders.com for more ...

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