According to Elliott's wave count, we are currently in a corrective trend that has entered wave B after the completion of wave A, and we are in microwave A from B. Based on this, it is possible to determine wave 1 and 2, which are located in microwave A from B, and with the start of the upward trend, we enter wave 3, which is the target. The entry point can be at...
NZDUSD in in Bullish move, right now it's finished microwave 3 of C and heading to microwave 4.
I expect microwave 4 finish in price 0.7085 and then price goes up. also we have 0.382 fibo retracement, static and Dynamic resistance.
As you see the price have a pull back to balance line and with the sentiments of market it will toes up. Also there is a support zone in 2.5$ price but i thinks crv can see 3.5$ again and after that we will see what pattern it will make.
After failed last idea scenario now you see it more reasonable to go up.
strong support on 2440 price and Which coincides with the end of wave 4.
it's still is in rectangle box but this point is high value to get a long position.
