NZDCHF Elliott Wave
hello friends
In the NZDCHF currency pair, we see the formation of a 5-wave pattern with overlapping waves (waves marked in pale blue).
This only happens in triangles.
Therefore, we are faced with a normal triangle or an end triangle that is formed in waves 5 or C.
In both cases, when the price hits the line drawn at the bottom of the triangle (line 0-2), we should witness the change of trend from downward to upward.
The last micro wave which is indicated by small numbers 1-5 has not been completed yet.
Therefore, we expect to witness a relatively strong and large rise with sub-wave 5 and reaching the trend line drawn at the bottom of the triangle.
My theory is that for now, the trend is downward until microwave 5 is formed and reaches the bottom of the triangle, and then the upward trend begins.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the NZDCHF currency pair, we see the formation of a 5-wave pattern with overlapping waves (waves marked in pale blue).
This only happens in triangles.
Therefore, we are faced with a normal triangle or an end triangle that is formed in waves 5 or C.
In both cases, when the price hits the line drawn at the bottom of the triangle (line 0-2), we should witness the change of trend from downward to upward.
The last micro wave which is indicated by small numbers 1-5 has not been completed yet.
Therefore, we expect to witness a relatively strong and large rise with sub-wave 5 and reaching the trend line drawn at the bottom of the triangle.
My theory is that for now, the trend is downward until microwave 5 is formed and reaches the bottom of the triangle, and then the upward trend begins.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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