area might provide us with a decent opportunity to look for further downside on this pair of NZD/CHF
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The price decline of 2015 to 2016 can be plausibly labelled either a WXY (double ABC) correction or as a single impulse wave down. There seem not to be any failures within what is quite likely an impulse wave down. So that leaves two main scenarios on the table:
1. That we have had the wave (4) correction and are working on wave 5 (we are...
Very interesting developments right now in the NZX - it only recently seems to have recovered from the 2008 economic shock... and then this happens. Wave A was clearly defined and there are 5 sub-waves that are valid and meet all extensions / dimensions. Then things get a little complicated, Wave B seems to have taken the form of an expanding symmetrical...