Potential Bottom In USDZAR

USDZAR has entered range of previous small 4th wave triangle of one lesser degree (red rectangle on chart)

It is also the area of the top trend line of the rising wedge we broke out of in May .

USDZAR 9.4500-9.7000 Possible Target

9.4500-9.7000 area ( being area of previous small 4th wave triangle  and also in the area of the top of previous channel) is a possible target for the termination of wave 4

USDZAR Consolidation Continues

The correction in USDZAR has progressed in a more complicated fashion .One way to label it is an A-B-C correction with wave B taking the form of a triangle .Once C is complete we should get the long awaited final thrust to +-10.7000 area