Small Buy Followed By Sell to Complete Wave2(Elliot Waves)

For NZDUSD after last weeks movement. I believe we are currently in Wave 1 of an entirely new Structure. This is because i believe we have completed the TRIANGLE Corrective structure in the Grand Major Time-frame. Therefore i do believe we are bullish for the long term for NZDUSD.

For the Medium term i believe we have complete Wave 1 and are currently in the midst of completing Wave 2. I believe Wave 2 is turning out to be a ZigZag Structure as the first structure down was a 5 wave movement down as a diagonal. To those that do not know, in Elliot Wave's Theory a ZigZag structure occurs in a 5-3-5 Structure. Since the first structure down was in 5 waves down now we shall expect a small retracement in 3 waves before another 5 waves down to complete the Leg B of the ZigZag

For the Short Term, within the ZigZag i believe we have completed its LEG A with the 5 wave down and now we are in the midst of completing the LEG B which should be in a 3 wave format. I believe for LEG B we will be doing a FLAT Corrective Structure. Within the mentioned Flat Structure in LEG B i believe we have completed is Minor Leg A and Minor Leg B. Whats left is Minor Leg C which should unfold in a 5 waves move to the upside possibly even exceeding the entry point of Minor Leg A as indicated by my arrow. The completion of that would mean the completion of LEG B of the ZigZag .

After that we will be looking for Sell Setups for another 5 Waves down to complete LEG C of the ZigZag.