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$USD Index Pattern and Price: Smaller-timeframe abc correction complete

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 29, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    In the larger timeframe $USD appears to be completing W.C of an ABC correction of the rally that ended in July 2001. Likely completion of W.4:C in the smaller timeframe implies that price will begin to trend lower, eventually completing W.5 and thus the larger-timeframe W.C.

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