GBPNZD short-term Elliott wave view suggests that the rally to 1.9758 on 4/26 high ended Intermediate wave (A). Down from there, Intermediate wave (B) remains in progress as a double three Elliott Wave structure. The internals of each leg in double three (WXY) sub-divides into 3 waves corrective sequence and usually is the combination of two corrective patterns i.
e Flat, Zigzag, triangle etc.GBPNZD Elliott Wave View: Ending an Impulse Move
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