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20131108_08.30_NZDUSD

Pair stopped at mentioned level D of potential 5-0 pattern. I consider move down finished as ending diagonal but because of touching a (labeled and marked blue also with ellipse) had to change my previous count; now I thing Zig Zag with Flat as b wave is in play and we ought to be in c wave which should unfold as motive wave either impulse (looking on lower TFs less probable) either ending
diagonal (wedge or 3 drive sell); targets would be c=a @0,8424 (less probable) 162 expansion @0,8497 and la…
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20131107_17.45_NZDUSD

Based on my analysis made 6 hours ago, enetered long..
Good trading!
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Furian avatar
Furian 7 Nov

price action suggest same direction too

stane2405 avatar

M30&15 suggest possible ending diagonal as last wave down

stane2405 avatar

it is not ED

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20131107_11.15_NZDUSD

H4: wave from 0,8543 HH from Oct 22nd I see as ZZ but as 5th of a also c is much too much weak and too short!
I think there was start of 5-0 and possible Shark. Price went up and hit 62 retracement and 162 expansion of ab but at the same time also the most distant level of 5-0 and retrace started. Target of D of 5-0 is lenght of AB and 50% of BC is critical level; IF 5-0 will develop then move up will continue; IF 50% will be broken there real down move starts.
If Shark is also in play, in case…
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