NZDUSD declines in a five-wave impulse pattern from the red level on the chart. According to Elliot Wave theory, a three-wave retracement follows every impulse move before price resumes in the direction of the impulse.
As long as the price stays below the red level on the chart, I will be expecting further decline on NU once we see a decent corrective move.
What's your thought on NU? Kindly let me know in the comment.
Thank You.
Veejahbee.
As long as the price stays below the red level on the chart, I will be expecting further decline on NU once we see a decent corrective move.
What's your thought on NU? Kindly let me know in the comment.
Thank You.
Veejahbee.