USDZAR Completing Triangle Wave 4 Before a Sharp Move Higher

USDZAR looks to complete a 4th wave triangle before thrusting higher .A setback in wave e is required before what should be a very sharp move higher.

There is an alternative though.We have been tracking the wedge pattern seen in 2001 very closely (see charts above) Notice once USDZAR broke out of the larger wedge pattern it formed a smaller ,tighter rising wedge pattern before thrusting terminally to a new high.We may be seeing something similar now .Under either scenario we are looking for a sharp move higher in USDZAR over coming weeks .The top of the parallel channel comes in at around 10.8000 ( depending on when we hit it) but we would not be surprised to see an overshoot .Once complete USDZAR should have it's largest correction since January 2011.