AndyM
Short

NZD ending wedge in C of flat completed. 0.62 is the target

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
144 0 7
Wave 5 of an ending wedge has completed itself near the 0.618 time mark of the time it took to form section 1-3. I have been trying to identify this top earlier, but the market was not ready to reverse until now. I think we are finally set for a reversal, along with EUR&CAD.

Note that we did not overshoot the upper channel - something that ending wedges are usually supposed to do. Yet, I favor the time factor more: if the 0.618 time band is approached by w5 and there is a sign of a reversal, then we are very likely to change direction.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out