USDNOK - Where Is The Reversal Point? (Elliott Wave)
Gregor Horvat of Elliott Wave Service - InsideFutures.com - Tue Aug 13, 9:23AM CDT

USDNOK is trading in a bullish impulse, up from 8.51 area, and can see more upside, especially now as we see price trading at the start of a leg v of C. That said, a completed leg iv near 8.84 region can push price towards 9.06/9.10 region, where resistance can be seen, and a three-wave pullback can follow.

Also, there is a possibility that price is still unfolding a corrective wave iv, in which can more weakness, or sideways price activity can follow from current leves.

A rally above 8.98 would suggest wave v of C to be in progress.

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USDNOK, 4h

usndok, 4h