As expected back in the distant 2019, after the completion of the double zigzag, growth followed, presumably within the third wave of the ending diagonalc of (IV). _______________________________________ โ NZDUSD (SAXO): ๐1D
Primary wave โข 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. _______________________________________ โ NZDUSD (SAXO):๐ 4h
I recommend keeping a part of the short position with an eye to implementing an alternative count. _______________________________________ _______________________________________ โโ Alternative count โ NZDUSD (IDC): ๐1M
The alternative wave count has not changed. There is a possibility that the wave โ of I has assumed the form of a flat. _______________________________________ โ NZDUSD (IDC): ๐1D
Most likely, wave (C) of โ will go beyond the top C of (B), level 0.54720, reaching the lower border of the 0-โ-โ channel. Not a bad prospect for building a short trading pyramid.
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