Kiwi has established a support @7805. Bullishgartley possible completion @7846 and even lower test of channel boundary. Should not violate the channel. Last week net shorts totaled 2384 CFDs, compared to only 100 the previous week. Selling pressure increased .
I longed, but now out for a while, trying to figure out the current development. In Elliot terms, it looks like a triangle in a 4th wave position from the big decline, followed by an expanded flat and now a corrective leg up, but not sure. What are your thoughts on it?