NZDCAD to complete the final wave of correction?
Price look to have completed what I identified as a possible completion of wave (B) of a flat pattern.
As we are aware that wave (c) always unfolds as a 5 wave move, then from here we can anticipate a good move in price to the down side. Another support to this assumption is the divergence in volume price, which indicates that bulls are running out of energy.
Alternatively price might be unfolding as an impulse move with wave five yet to complete if not completed.
As we are aware that wave (c) always unfolds as a 5 wave move, then from here we can anticipate a good move in price to the down side. Another support to this assumption is the divergence in volume price, which indicates that bulls are running out of energy.
Alternatively price might be unfolding as an impulse move with wave five yet to complete if not completed.