cmc

Hi, In my opinion, we are in wave 4 of a bigger wave C. The first chart is monthly. I'm going to add smaller timeframes

let see if abc it is ended....

let see if the wave b will be a flat or we are in wave c up. next week will give the answer

Attention to break

after target reach we are looking for a short

let see

short the break

The rule in a correction is that it ends when she wants it

In this variant, we would be in wave 4

let see if come a correction

wait the break

a correction?

look like a very nice setup for a short

long term wave analysis

Is it time for a correction?

ABC in play

In the monthly time frame, NZDUSD is in a correction. The dawn impulse began in July 2014 and lasted until August 2015. The correction started in August 2015. There are two hypotheses here: 1. This correction ended in May 2016 . There followed a wave A or W 1 of 5 waves. And now there is an expanded ABC correction which began in December 2016, being now in wave C ...

can be a reversal chanell