Elliott Wave Analysis: Bears Taking Over On NZDUSD

421
We have changed our look on the NZDUSD and are now looking at a bigger five-wave bearish impulse in the making. We see first wave 1) as completed and second wave as well. Looks like wave 2) found a top at the 0.7435 level and current drop can be start of a bigger degree wave 3), that can unfold in days or weeks to come. Specifically we see sub-wave 1 of three in progress.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.