In this post, I share my update on USDZMW from the last forecast provided in the chart attached below.
Wave IV seems to have completed its correction at .382 of the third impulse, with a clear ABC correction that has been marked on chart, and we may now be heading to wave V.
However, lower degree timeframes indicate a potential impulse that has began and would potentially depreciate the Zambian Kwacha to K30.19 per USD.
This is also the area where we could expect the next resistance on the monthly TF.
December 19, 2023 forecast here:
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
Wave IV seems to have completed its correction at .382 of the third impulse, with a clear ABC correction that has been marked on chart, and we may now be heading to wave V.
However, lower degree timeframes indicate a potential impulse that has began and would potentially depreciate the Zambian Kwacha to K30.19 per USD.
This is also the area where we could expect the next resistance on the monthly TF.
December 19, 2023 forecast here:
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
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