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Video instructions and help with filling out and completing 8850 Form Targeted

Instructions and Help about 8850 Form Targeted

Welcome. He and I were looking at the US dollar and we have been searching for a five-wave structure. This fifth wave has been extended with one, two, three, four, and five. We are anticipating some type of correction here, which may already be completed as we can see a three-wave structure. To confirm this, we want to see support at 8130, which is the top of subgroup one. Looking at the intraday chart, we can observe a three-wave correction, indicating that it is corrective. Secondly, we need to see an impulse wave upwards, which is currently developing with one, two, and possibly one, two, three, four, and five. This is the third wave, with a minor correction here. The fourth and fifth wave will move up through here. If we draw it out, we have the third wave here, an A, a B, and C, with support here, and then a move upwards. Therefore, we are looking for a similar pattern here, which would be an opportunity to short the euro. However, to confirm this, we need a breach of 135. This will indicate that we are in a wave 3 to the downside. If not, we may consider this an A wave, a B wave, and a C wave, and then a wave 2 in brackets, followed by the third wave down. We just need some time to confirm this particular pattern. Additionally, we need to see this low here being taken out for confirmation. Currently, the move is in three waves, potentially an alternative B wave. If we move below the mentioned level, this would disregard the possibility of a C wave up here and indicate a move down. Although it may not provide a trading opportunity, as it would come down to a certain point and...