AND/NZD - Corrective Bottom should be seen near 1.0600

AND/NZD - Corrective Bottom should be seen near 1.0600

AND/NZD - Corrective Bottom should be seen near 1.0600 

The corrective decline in wave ii has extended, but should be close to completion. Ideally a corrective low will be seen near 1.0600 as a minor ending diagonal has been unfolding May 10 and this ending diagonal is coming to an end. 

The first good indication that a low is in place is seen upon a break above 1.0702 which will confirm a quick rally back to the origin of the ending diagonal in about half the time it to for the ending diagonal to build.

However, the longer term picture calls for much more upside progress should be seen in the weeks and months ahead.

The above scenario is my preferred count and stays valid as long as important support at 1.0573 protects the downside. Should an unexpected break below this support be seen, that would shift to the alternate count call for a little more downside in wave C of a zig-zag correction from 1.1683. The ideal target for wave C will be seen at 1.0149 from where the next impulsive rally should be seen. It's important to emphasize that the alternate count only becomes the preferred count, if important support at 1.0573 is broken.   

When a 1+ is highlighted in the right hand corner, more charts is available in this chart-pack 3 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.     

Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Sublime Counts!