FX:NZDUSD   New Zealand Dollar/U.S. Dollar
132 2 3
Is the sideway corrective move over? We should turn lower soon.

As .8240 holds we can see more upside.
If .8240 is taken out look for more downside
to complete wave Z.
dojitrader
2 years ago
Short (aggressive?) the top trend line ?
Or, in other words did you put the trend lines on to indicate
an ending diagonal and, if so, have you seen examples of such
where wave 1 does not touch the top trend line ?
OR, are the trend lines just there to show the basic
"wedgie" sort of trend ?
Thanks for your thoughts ~ !
Reply
traderWgun dojitrader
2 years ago
I think it's a diagonal because the waves overlap.
The alt. view would be a double/triple correction,
either way that's bearish.

Reply
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