now here we have nice leading diagonal. with pale orange pattern im showing resemblance between 1st and 5th wave, now retrace in the 4th wave in 50% of the 3th wave which is making difficult to distinguish will it be leading or ending diagonal, but that fast retrace from that lvl and leaving that long wick, and whole character of the structure is showing signs of a leading diagonal, after which i expect corrective structure down to 50%fibb. pale orange line, also thats the starting of the support zone which stretches down to the red line. last support is lowers point.
in bigger time frame it also shows up-movement so this motive wave was expected.
now what form of a correction it will form i dont know, it remains to be followed and recognized on time.
im expecting to be more complex structure cose till wednesday we dont have news that can drive this pair, when nzd employment is coming out.
so if everything is going with the plan and if u want to see the set up in updates, like it! so ill know there is a interest to update it!
in bigger time frame it also shows up-movement so this motive wave was expected.
now what form of a correction it will form i dont know, it remains to be followed and recognized on time.
im expecting to be more complex structure cose till wednesday we dont have news that can drive this pair, when nzd employment is coming out.
so if everything is going with the plan and if u want to see the set up in updates, like it! so ill know there is a interest to update it!
Comment:
hmm.. on a daily time frame i see this pair going down, so ill stay away from it!