Zeotrix

KIWI weekly analyze

Pembelian
OANDA:NZDUSD   Dollar New Zealand / Dollar AS
As pictured above on weekly chart:

***if considering 12345 as a pattern, see that :
1) point (3) has correct 0.88 of (12) wave.
2) point (4) has correct 0.5 of (23) wave.
so if search in harmonic patterns we found that it can be deep crab so:
the point (5) could be at 1.618 Ext(12) that if draw Ext(34) and App(234) see that they are all convergence to each other

so we have first cluster : 0.6080- 0.6120

***On the other hand if considering XABCD pattern, see that:
1) B point is at 1.618Ext(XA)
2) C point is at 0.5Ret(AB)
so i guess it's Black Swan pattern that:
a) 1.13-2.618 Ext(AB) has been drawn (1st PRZ with brown color)
b) 1.13-2.0 Ext(BC) has been drawn (2nd PRZ with blue color)

***Don't forget to draw support zone!
if draw it, see that Support PRZ (that shown with Red color) absolutely located on 0.786-1.00 App(ABC)

***Finally if zoom out the chart and consider the big wave we have 0.618, 0.707, 0.786 retracement levels.

Clearly , KIWI has 4 cluster that if convergent all,
i think the Reverse PRZ is 0.6000 Range

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