🎯NZDUSD is a good prospect for building a trading pyramid

3 thg 12, 2021

●● Preferred count
● NZDUSD (IDC): 🕐1M


As expected back in the distant 2019, after the completion of the double zigzag, growth followed, presumably within the third wave of the ending diagonal c of (IV).
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● NZDUSD (SAXO): 🕐1D


Primary wave ③ is likely to show a double zigzag shape (W) - (X) - (Y).

In the area indicated by the blue channel, the completion of the correction (X) and the subsequent resumption of growth by the final wave (Y) is expected.

As a local alternative, wave (X) can take the shape of a triangle or a flat correction.
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● NZDUSD (SAXO):🕐 4h


I recommend keeping a part of the short position with an eye to implementing an alternative count.
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●● Alternative count
● NZDUSD (IDC): 🕐1M


The alternative wave count has not changed. There is a possibility that the wave Ⓧ of I has assumed the form of a flat.
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● NZDUSD (IDC): 🕐1D


Most likely, wave (C) of Ⓨ will go beyond the top C of (B), level 0.54720, reaching the lower border of the 0-Ⓦ-Ⓧ channel. Not a bad prospect for building a short trading pyramid.

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