TranscendentTrades

NZD/CHF - Wave 5 incoming

Long
OANDA:NZDCHF   NZD/CHF
Based on Elliott Wave Theory, NZD/CHF might have completed a W-X-Y correction which concludes Wave 4 (if no further corrective combinations, i.e W-X-Y-X-Z)

Utilizing chart patterns, we have broken out of an Ending Diagonal (Labeled Subwave C)

In my opinion, the next bullish impulse will be Wave 5 - to complete a larger Leading Diagonal from March 2020s low

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