USDNOK - Bull trend coming to an end! Prepare for BIG sell off !We have been in a bull trend since June '19 and it's now making an Ending Diagonal, that as the name suggests, appears at the end of a trend.
A potential termination point is the Fib cluster zone marked by the yellow box but it can also come to an end even at current level!
A good sign of a sustained reversal will be if price breaks below the wave (2) and (4) trend line and then the dotten line from wave (2).
A first target can be 9.00 followed next by previous wave support level at 8.875.
If on the other hand price goes above 9.2590 , the E.D pattern gets negated because wave (3) would then be the shortest of 1,3 and 5.
