high CPI, means that they may have to increase rates soon, and higher rates can be positive for currency based on speculation! Real inflation however is already much higher, just look commodities, or lumber in particular
Hi, thanks for commenting.. . Yes, well in Elliott wave theory once a five-wave rise, or decline is completed, a temporary three-wave retracement shows up. This three-wave move is a correction, and may suggest more upside/downside within the trend.. . . Cheers!
If you would read a text or look at the chart (which I think it's even easier for you) you could figured out that it was a typo. I am just wondering if you are not that smart to notice this yourself.
Thank you for your comment. Yes well it is not so difficult, in general just look for a five wave sequence. and you attache the 1 through 5 wave count, and after five waves up, you then expect a three wave retracement.