NEoWave Analysis of Orion/Dollar Chart within Daily time frameNEoWave Analysis of Orion/Dollar Chart within Daily time frame
Neowaveanalysis
NZD/CHF long positionThe RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the support for the NZD and put pressure on CHF
S&P500 CORRECTION SEQUENCE IIWave ''A'' completed as 3 wave as ZIGZAG subsequently, Wave ''B'' completed as FLAT.
Wave''c1'' corrected above 38,2%of Wave'A' (minimum requirement of wave 'c') and wave c2 is yet to finish by 15th OCT
If it halts at either4407 (61.8% of c1) or 4431(100%of c1) as per NEO wave logic we can expect c3 will unfold .
Hence short positions can be taken below 4327