leszekstanislaw
Short

EURNZD H4 - Elliot Waves, 5 impulse, 3 correction - do you agree

FX:EURNZD   Euro / New Zealand Dollar
70 3 1
Just an idea - I can see here 5 impulse waves, moreover waves 2 and 4 are different, so... do you think it could be time for ABC correction?
Hi Thank you for sharing your analysis.

I am wondering if you clarify if wave 5 is really impulsive since it looks more like a zigzag. Taking a closer look at wave 1 and 3 also appear to be zigzags. internal 5 waves do not look clear enough. hence I am suspecting that may be what you have is either double or triple zigzags depending on who you label them.

Though overall I think you are correct that a retracement is probably in progress.
+1 Reply
Actually I think wave 5 was just more guessing than evidenced by something (material). Anyway - thank you very much!
Reply
DanV leszekstanislaw
Ahh OK. No worries.

Though as noted a retracement is more likely.

Thanks
+1 Reply
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