The price is currently printing a triangle (a-b-c-d-e).
The alternative count is for a zig zag (alt w - alt x - alt y)
No matter which of the two, on a medium term, the exchange rate shall go well below parity.
The alternative count is for a zig zag (alt w - alt x - alt y)
No matter which of the two, on a medium term, the exchange rate shall go well below parity.
Note
Wave recount for the period 2015-2016 due to invalidation of triangle (wave 'd' has printed below the low of wave 'b')
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.