THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Descending
Tendency: Descending
NZDUSD is now moving towards green 3 target, first subwave is expected to be the blue 12345 which is shown above as ideal wave.
Explanations in other time frames are as follows;
1d view
as seen above I believe we are in a correction from July, 2014. This correction is an ABC zig-zag. B correction retraced %50 of A leg. Expected area for C is marked above.
4h view
as seen above, we are moving the 5 blue wave in ABC correction C leg. I expect to see the red (i ii iii iv v) impulsive move as wave blue (5) . Red (i) and (ii) have already been finished, now moving towards (iii). Subwave of red (iii) is expected to be a motive wave (impulsive or diagonal), green 12345 subwave is shown on the above chart as ideal wave with 3th wave extension. Green marked area is the target for green 3.
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Descending
Tendency: Descending
NZDUSD is now moving towards green 3 target, first subwave is expected to be the blue 12345 which is shown above as ideal wave.
Explanations in other time frames are as follows;
1d view
as seen above I believe we are in a correction from July, 2014. This correction is an ABC zig-zag. B correction retraced %50 of A leg. Expected area for C is marked above.
4h view
as seen above, we are moving the 5 blue wave in ABC correction C leg. I expect to see the red (i ii iii iv v) impulsive move as wave blue (5) . Red (i) and (ii) have already been finished, now moving towards (iii). Subwave of red (iii) is expected to be a motive wave (impulsive or diagonal), green 12345 subwave is shown on the above chart as ideal wave with 3th wave extension. Green marked area is the target for green 3.
Comment:
4h chart
New formation shows that motive wave between 2 and 3 is not an impulsive but a diagonal. Here below chart shows the possible targets.