NZDUSD SELL DONT MISS IT!!
Within the waves, structure allows for one more downfall or could just pop up. However i think we are getting the complete 5 wave structure for several reasons.
1.) the fourth wave is ending with an ending diagonal which break downwards most of the time.
2.) Divergence within the indicators, meaning up move will not come.
3.) A break of the ending diagonal will CONFIRM the setup.
4.) We are also at the top of the descending channel, look for SELL!!
1.) the fourth wave is ending with an ending diagonal which break downwards most of the time.
2.) Divergence within the indicators, meaning up move will not come.
3.) A break of the ending diagonal will CONFIRM the setup.
4.) We are also at the top of the descending channel, look for SELL!!
Note
The 5th wave within the bigger 4th wave is actually supposed to be at the top because thats where the 5th wave ends, not where it is now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.