7pasos

After Triple ZigZag Sell

Short
FX:USDDKK   None
0
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.

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