GBPNZD continuation pattern?
I see GBPNZD to have made the 5 wave elliott structure.
It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different).
I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend.
I would wait for consolidation just below/just above the top trendline for the flag to confirm the trend is resuming.
The arrow finishes at the 23.6% extension and it could continue well past there.
Any advice or feeback is appreciated.
Thanks.
It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different).
I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend.
I would wait for consolidation just below/just above the top trendline for the flag to confirm the trend is resuming.
The arrow finishes at the 23.6% extension and it could continue well past there.
Any advice or feeback is appreciated.
Thanks.
Nota
E appears to have formed. Still upside.
Nota
Unfortunately I have been away from the charts for a short while, and this pattern has now become more complex or the count was incorrect.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.