FX:NZDUSD New Zealand Dollar/U.S. Dollar
Corrective ABC structure seems to be complete. Which in my counting is the IV higher degree corrective wave of a large down trend. Only problem is the final C wave is below the initial A wave of the overall completion. Any thoughts ?
Comment: I recently learned that this labeling is wrong. The waves of the lesser degree should have been labelled as a "double three" or possible "triple three" That would make the impulsive waves within the corrective structure, consistent in direction. I have labeled corrective waves of lesser degrees with A and C which is wrong.