Tue, Jan 31, 2023 @ 17:17 GMT
HomeContributorsTechnical AnalysisElliott Wave Analysis: Potential Triangle On GBPNZD Points Higher

Elliott Wave Analysis: Potential Triangle On GBPNZD Points Higher

GBPNZD is trading in a potential complex correction as part of wave iv). We see a possible contracting triangle correction in the making, with four sub-waves already unfolded. Current intra-day move can now be final sub-wave e of iv), that can search for a base near the lower triangle line and later make a new five-wave recovery higher, into wave v)


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