traderWgun
Short

First leg in a big correction

FX:GBPNZD   British Pound / New Zealand Dollar
179 2 0
This pair is correction the drop from 3.7. It safe to say that it will correct much higher later on.
But for now it looks like the market is in the process of completing a zigzag .
Because wave A is a 3 wave advance in a zigzag formation, that means that this correction should
take a flat formation. The min. target for a wave B in a flat is 70 retrace of wave A.

This could also be a triangle, but it more likley a flat due to the time it took to complete this 3 wave advance.

We may have made a top in the pair,
but if not, then we shall see an top very soon.

Double divergence; between wave A and C and wave 3 and 5 within wave C.
Wave 5 of C was an ending diagonal . Look below for more charts.
looks like wave 4 triangle.
Reply
1H wave count
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out