Harmonic Patterns with Elliot Wave

25 февр. 2017 г.

Currently NZDUSD looks to be making a 4hr correction for a selling opportunity short term looking for about 300 pips, This sell setup looks to be an "E" wave in a 5 wave structure. This "E" wave down should break the "c" wave low and give us divergence. At that point when we approach the 0.6800 area we are expecting a reversal where we have the 5 wave structure and the harmonic bat pattern completing around that 0.6800 area which is also the 0.618% retracement of what I count as wave 3.