dollar traded below 77.12 overnight, so the 1 - 2, 1 - 2 count is busted. All that's left is that the move up on from Friday's low was an ABC, and the very slim chance that the dollar could be in the early stages of a Leading Diagonal. Leading Diagonals are rare, so that's not likely. Since the move up from Friday's low is looking more and more like an ABC corrective wave, that implies a lower low ahead for the dollar. Uncle Ben will be happy.
dollar traded below 77.12 overnight, so the 1 - 2, 1 - 2 count is busted. All that's left is that the move up on from Friday's low was an ABC, and the very slim chance that the dollar could be in the early stages of a Leading Diagonal. Leading Diagonals are rare, so that's not likely. Since the move up from Friday's low is looking more and more like an ABC corrective wave, that implies a lower low ahead for the dollar. Uncle Ben will be happy.
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