wsbza

Short-term Selling Opportunity

Short
wsbza Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
If we are still in the middle of green wave b, there is a sub wave c to catch

If however the pink a-b-c is the end of entire correction, the potential decline would be one degree higher

Also note: pink wave b may not be a FLAT (sub wave {B} retraced less than 80% of sub wave {A}) nor a ZIGZAG (sub wave {C} did not exceed the end of sub wave {A}).

Therefore my preferred count is in green
Comment:
almost there?
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bigger picture
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weekly chart
Trade active:
expecting a new low for blue wave {v}
Comment:
the decline so far does not fit with the immediate bearish pink (c) assumption, so i guess we could see another new high to finish blue wave (c) of {iv}
Comment:
will price reverse near the 1.618 extension at 0.7083 ?

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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