ABC w4 has completed in NZD, 0.58 is the target Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Apr 21, 2016 5:15 PM

We have an ABC correction with an impulse in A and an ending wedge in C. B was a zigzag. We are about to start W5 and it will be big.

Elliott Wave

Comments

lemezohaib

⋅ Apr 22, 2016 4:51 PM

longshot-nl

⋅ Apr 22, 2016 6:06 AM

I like your view... but what i don't like is that at oanda the bottom of wave (3) is much lower at 0.6067 so after drawing the channel the wave (4) can get much higher. Either broker has to be wrong.

Red

⋅ Apr 21, 2016 5:58 PM

how do you place the target (5)?

AndyM

⋅ Apr 21, 2016 5:59 PM

It should probably touch the trendline. No measurements this time.

Red

⋅ Apr 21, 2016 5:39 PM

Nice one