NZDUSD 4H chart looks like it is completing an Expanding diagonal.
Here I'm expecting to see a completion of wave 5 (the last wave before downward movement)
what I do not know, is where wave 5 would be exhausted. so I have 2 options on the chart.
Option 1:
wave 5 could be truncated forming a Thrust.
Option 2:
wave 5 could unfold up to its full length around price 0.61924.
Both options are shown on the chart.
Remember as Price Unfolds Market becomes clearer.
I AM HAPPY TO CONTRIBUTE TO YOUR DECISION MAKING!
Here I'm expecting to see a completion of wave 5 (the last wave before downward movement)
what I do not know, is where wave 5 would be exhausted. so I have 2 options on the chart.
Option 1:
wave 5 could be truncated forming a Thrust.
Option 2:
wave 5 could unfold up to its full length around price 0.61924.
Both options are shown on the chart.
Remember as Price Unfolds Market becomes clearer.
I AM HAPPY TO CONTRIBUTE TO YOUR DECISION MAKING!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.