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Elliott Forecast

Eric Morera

Elliott Wave View: USDSEK Looking for Another Leg Higher

February 17, 2022 By

Short Term Elliott Wave View on USDSEK suggests that the pullback to 9.06 ended wave 2. Pair has turned higher in wave 3 with internal subdivision as a . Up from wave 2, wave (i) ended at 9.178 and pullback in wave (ii) ended at 9.075. Pair resumes higher in wave (iii) towards 9.351, pullback in wave (iv) ended at 9.237, and final wave (v) ended at 9.45. This completed wave ((i)) in higher degree.

Pullback in wave ((ii)) is currently in progress to correct rally from February 4, 2022 low before the next leg higher. Internal structure of wave ((ii)) is unfolding as a double three Elliott Wave structure. Down from wave ((i)), wave a ended at 9.345, wave b ended at 9.4195, and wave c ended at 9.278. This ended wave (w) in higher degree. Rally in wave (x) ended at 9.3427. Wave (y) lower is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave (x), wave a ended at 9.244, and wave b ended at 9.315. Near term, as far as pullback stays above 9.06, expect pair to extend higher.

USDSEK 45 Minutes Elliott Wave Chart

USDSEK Elliott Wave Video

Source:

#elliottwave #trading #usdsek

17/02/2022 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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