7pasos
Short

After Triple ZigZag Sell

FX:USDDKK   None
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This is a interesting formation, as you can see, the upside movement could be perfectly counted as a triple zigzag showing almost a perfect correlation between waves W, Y & Z. At the higher high we can see the relationship 1 to 1 with the wave Y was reached and the .618 to 1 with the waves a)) and c)).
Looking in more detail the base channel is at reach now, but if you look down in 30 minutes seems that a 5 from the 5.7435 high is complete, so there for i suggest to wait till a pullback to 5.7227 to start a sell ONCE A REVERSAL PATTERN IS FORM after touching the 5.7227 zone which represents the 50% retracement .
The first and more conservative objective will be at 5.6910 after reach this i suggest to place the stop at the break even and keep the sale until 5.6007 at least because a impulse wave could be forming.
The signal is active but the most risk adverse perhaps desire to place stop loss at entry point because the price seems failed to break support (as far as now)
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still no reversal....
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