NZDUSD has started to form corrective waves in a descending channel after completing five impulse waves so that the structure of corrective waves is Zigzag(ABC/5-3-5).
The main wave A and B correction inside the descending channel has been completed, and now NZDUSD is completing the main wave C.
The main wave C has an Expanding Ending Diagonal structure.
I expect microwave 5 of the main wave C to finish in the 🟡Price Reversal Zone(PRZ)🟡 and at the bottom of the descending channel.
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