thillygoosth

NZD/USD wave count and fib update

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Considering the wave measurements of "1" and "3", I will expect a 5th wave (wave 3 extended past 1.618 wave 1). I underlined the potential level. If we were to get a 5th wave, then we would most likely get a correction here (triangle or shallow flat). Otherwise, wave "3" could be a "W" as a 1-2-3 can be an ABC, and we would get a larger correction downward, but considering several factors, I will anticipate a wave 4 type correction and a wave 5 as I described.

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