#NZDUSD 4 HR #ElliottWave Count

NZDUSD 4 HR Elliott Wave Count

This has been a pretty awesome looking count and the pair has been climbing higher.  It looks like the wave iii may end right at the 161.8% extension of wave i.  If the wave iv correction is starting now then we could see a move down to the .6600 area.

NZDUSD 4 HR Elliott Wave Count

#NZDUSD 1 HR #ElliottWave Count

NZDUSD 1 HR Elliott Wave Count

The spike up from .65547 could be labeled as a 5 wave inpulse with an extended 5th wave.  I do not think it is, I believe it is an abc for X as I have it labeled.  I also believe the pair has started the final C wave down. 

A break of .66363 at this point would tell me I am wrong and wave (iv) ended at .65547.

NZDUSD 1 HR Elliott Wave Count

#NZDUSD 1 HR #ElliottWave Count

NZDUSD 1 HR Elliott Wave Count

I relabeled this count to show that w is complete and x up may be underway.  If we get a sideways move and another low from current levels I will relabel it an ABC for W.  

I am still looking for 3 more up and 3 or 5 down toward the .6522 area as long as price holds below .6636.

NZDUSD 1 HR Elliott Wave Count

#NZDUSD 1 HR #ElliottWave Count

NZDUSD 1 HR Elliott Wave Count

Looks like the C wave is underway and will be subdividing.  

Looking for a 4th wave correction possibly down to .6522 area.

The RSI trendline may tell you when this leg is done.

NZDUSD 1 HR Elliott Wave Count

#NZDUSD 1 HR #ElliottWave Count

NZDUSD 1 HR Elliott Wave Count

Looking for a C wave down to complete a 4th wave before higher.  Should see support around .6522 while the wave (i) high is at .64658.

NZDUSD 1 HR Elliott Wave Count