USDCHF Skewed Triangle Completion! – Orbex Forex Trading Blog
In the long term, the USDCHF pair is building a primary corrective triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ is under development and could end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse, and wave (B) is a skewed triangle that looks finished. Usually, after the end […]
AMZN Primary Wave Ⓐ Nears Completion
The current AMZN structure suggests a corrective trend. It is assumed that a zigzag is formed, which consists of cycle sub-waves a-b-c. After the end of the impulse growth of wave a, prices declined. This could indicate the beginning of a bearish correction b. It could take the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. In […]