price has made nice up trend inside a parallel channel
price is testing lower trend line and ending diagonal chart pattern at the same time.

if price breakout channel it can test wave X
if it makes support at lower trend line than it will make new higher high above wave Y
wave Y made 38% projection we can expect next wave making 100% projection of w
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Chart PatternsElliott WavejpyNZDNZDJPY

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