By: Fadi Steitie
Currency: US Dollar
Trend Expected Direction: Down
Strategy: Elliott Waves and Fibonacci Trading.
Description: Technically speaking, by using Elliott Waves principles, I can see a double Zigzag just completed in a falling channel and the third which is supposed to be the last is on the way targeting 0.5 fib level.
Action: Hold and watch for correction to complete before we go on a bullish strategy.
Target Area: 9886
Stop Lose: N/A