Head&Shoulder Formation on USDNOK Points Lower! (Elliott Wave)

Hello traders,

On USDNOK we see a head&shoulder formation, with pair now unravelling the right shoulder, where wave b/ii can face resistance and a bearish turn at the 9.043/9.065 region. A drop below the 8.88 area would confirm more weakness into wave c/iii.

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Trade well,

The EW-Forecast team


usdnok, 4h.