UNI/ US Dollar (UNI/USD) Trading Strategy: The rise from 11.216 to 15.825 only lasted three waves, indicating that the previous trend is not over yet, and the drop from 15.825 supports this idea. Therefore, UNI is likely to go down, test 9.31 before rising again.

UNI/ US Dollar (UNI/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

UNI/USD Elliott Wave technical analysis

Function: Counter trend.

Mode: Corrective.

Structure: Double Corrective.

Position: Wave (Y).

Direction next higher degrees: wave ((2)).

Details: The corrective of wave 2 before rising again in wave 3.

UNI/ US Dollar (UNIUSD) Trading Strategy: The rise from 11.216 to 15.825 only lasted three waves, indicating that the previous trend is not over yet, and the drop from 15.825 supports this idea. Therefore, UNI is likely to go down, test 9.31 before rising again.

UNI/ US Dollar (UNIUSD) Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

UNI/USD Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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UNI/USD Elliott Wave technical analysis

UNI/USD Elliott Wave technical analysis

UNI/USD Elliott Wave technical analysis [Video]

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