FX:NZDUSD   New Zealand Dollar / U.S. Dollar
63 views
0
63 0
well all of this analysis is based on the grande assumption that patter i consisted of 5 movements, and then a second strong movements to the downwards which is counted ii.

i could have another count which is basically a-b-(c) and c is the current pattern which the pair is moving in.

the first assumption a having about c is also for it to be 5 movements. (i-ii-iii-iv-v)

for me movements i ii and iii are complete.

all of what am thinking right now is movement iv and v.

compared to (a) time wave (c) cannot be complete, because it still didnt take the time (a) took to form.

therefore, i guess that the pair is currently trading in wave iv of iii

basically, the pair still needs the following for the selling idea to come into action:

1. wave iv must complete, and wave v must complete. after this we will have i-ii-iii-iv-v (c) and we can sell from the high of v-c.

okay,

my other question here will be: can (c) enter (a) ?

yes. and it must enter its price category in order for the structure to be valid.



Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out