USDNOK At Resistance; A DROP Expected (Elliott Wave)

Hello traders!

USDNOK made a five-wave drop from the 8.674 level, and found a base at the 8.51 region, from where an a-b-c temporary pullback started to form. Possible resistance can be near the 8.59/8.60 region, where Fibonacci ratios of 50.0 and 61.8, and the lower channel line can react as resistance.

USDNOK, 4h

usdnok, 4h