Long term it look like it can make highs but eventually this bull run should be over when the triple correction is done...
It looks like New Zealand can come from this crisis stronger...
When the Terminal wave is over, It will be game over for cheap GBP... Do not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Please support us to help more people..
Take notes on the levels while market is respecting the structure... Do not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Please support us to help more people..
You should watch out levels closely to add or get out from current trades...
On the Longer term Netflix looks Bullish... a wave that was done at 432 level can be the a wave from the same degree as the rest or it can only be the a wave of smaller degree... It can also be a wave 1 if the bigger degree is a zigzag... Also If the wave a is in place we can still be in the b wave Other way is b wave is done too and now we are on the c...
Use of all tools together can sometimes gives you a different perspective you need to make you a winner in this game
After the X wave is done we should go back down to start the other part of the correction
On this pair we have so far 2 large X waves, which tells us overall corrective pattern can be triple three or triple three combination... If wave a is done on the last leg lower price should go min 61.8 to make the b wave because wave a is a corrective pattern thus it can not a zigzag move but either a flat or triangle is on the cards...
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Gold Move to be watched... Consolidation...
Price is moving between the 2 channels at the moment break above or below it can help us determine the next move on the bigger time frames
DXY is looking bullish... We are in a yellow degree zigzag that is making the bigger degree orange b wave.. Wave c of a zigzag can be Classical or Terminal impulsive wave... This c wave looks to be a terminal move which means once its done it should go down pretty fast... Also since we are on the wave c of a zigzag, wave c should move beyond wave a of the zigzag...
4th wave on the making... 2-4 trendline has to be adjusted once 4th wave is believed to be completed... Once 4th wave is completed we need a 5th impulsive move to complete the bigger degree C wave
Unlike AMAZON, this price action after the corovirus lows makes a corrective wave... At the moment there are different chances of what price can do.. 1) Double Zigzag 2) Triple Zigzag 3) Double Combination 4) Triple Combination So more time needed to understand the type of corrective wave that we are in...
Here, the idea should be when the 5th wave is over, price has to break 2-4 trendline before or the same time that took 5th wave to form
Lower time frame look... when the b wave is done we should see another push lower