Usd/Sek
USD/SEK 4 Hour Elliott Wave Update 1.30.2020
Chart below shows pair extended the rally in wave 3 as expected. It called wave 3 completed at 9.643 and pull back to 9.586 was labelled as wave 4 and wave 5 higher was shown to be in progress which was expected to hit the blue box area starting from 9.67. As far as price stays below 9.822, the rally from December 2019 low would be a 3 waves move and pair can turn lower to do 7 swings down from 9.968 peak or pull back in 3 waves at least. Break above 9.822 would be an early indication that rally from December 31, 2019 low would become an impulse and the current move higher is a wave (3) rather than wave (C).