2 months ago told you I was expecting a decline in the NZDUSD, then a little push higher appeared and did a little bit more diffuse the scenario.
The main problem is because is hard to see a clear 5 patter although is not impossible to count one.
If you consider a very disproportionate expansive triangle for wave iv) then is possible the end of this correction be in place.
Even when we expect to see a relative sharp decline (a lot longer than is right now, watch this chart in daily ) because we expect the end of a double-zigzag that ends also a diagonal, the actual juncture makes me wait for more confirmation, for example I rater like to see the formation of a whole impulse and it consequent retracement before to commit with the bears here.
The main problem is because is hard to see a clear 5 patter although is not impossible to count one.
If you consider a very disproportionate expansive triangle for wave iv) then is possible the end of this correction be in place.
Even when we expect to see a relative sharp decline (a lot longer than is right now, watch this chart in daily ) because we expect the end of a double-zigzag that ends also a diagonal, the actual juncture makes me wait for more confirmation, for example I rater like to see the formation of a whole impulse and it consequent retracement before to commit with the bears here.
