Hello traders. I did an elliott wave count on the NZDUSD H4 chart. According to the theory, the 5th wave usually does not exceed the 3rd wave in the rsi indicator. Because the rsi indicator reaches its highest level in the 3rd wave. I predict price will correct abc after 5th wave. Wave B can retract 99% of wave A. Good luck everybody.
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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.