sharing_is_caring

NZD/USD just finished the motive wave of the first leg

FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
55 views
2
55 0
following the weakening of the dollar new up trend has started and now we r looking at the end of the motive waves of first cycle,
(small red letters) and correction is starting showing divergence on RSI .
so cose its the first wave retrace needs to be more steeper and thats why i choose butterfly .
(no it cant be crab cose point "a" needs to retrace at least to the peak of wave 3 and that retrace makes it long enough not to be crab )
but depends of what kind of abc will form and will it be beginning of a cycle or just another sideways correction.
need others thoughts in comment section...
Comment: careful with sell here it seems its not making correction what i have expected!!
explained in next chart!!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out