NZDUSD 1H EW - UPDATE
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 sub-wave was expected to be the blue 12345 impulsive in my previous idea, however it formed like a 12345 diagonal instead, nothing changed regarding the target.
Invalidation level is above sub-wave point blue (2).
Explanations in other time frames are as follows;
4H
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 sub wave is shown on the above chart as ideal wave with 3th wave extension. Green marked area is the target for green 3.
DAILY
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.
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Descending
Tendency: Descending
NZDUSD is now moving towards green 3 target, first sub-wave was expected to be the blue 12345 impulsive in my previous idea, however it formed like a 12345 diagonal instead, nothing changed regarding the target.
Invalidation level is above sub-wave point blue (2).
Explanations in other time frames are as follows;
4H
DAILY
More downtrend expected as per wave count.