wsbza

Bearish Assumption

wsbza Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
If the rally since mid-May this year is the first impulse to the upside, I would expect at least a 3-wave correction to follow before another impulsive rally
if this rally is a larger degree C wave, I would expect the future decline be one degree higher

Either way, i think the upside space is limited at least for the next few weeks
Comment:
waiting for short-term bearish confirmation

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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