AUDJPY | Small correction♻️
Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this analysis, we examined the a wave in the weekly time frame.
Based on this wave count, waves 1, 2 and 3 are complete and now we are inside wave 4.
In wave 4, wave a is formed as 5 waves, so we expect wave 4 to be completed in a zigzag pattern.
Wave a is complete and Wave b is forming, and Wave b must move to a maximum of 0.618 Fibonacci.
The upward movement of the price that has started is related to one of the waves of wave b, but to be sure of wave b, we first expect the pink channel to break.
After the completion of wave b in the specified Fibo, we expect the price to fall to the specified area to form wave c.
If the price moves higher than Fibonacci 0.618, wave 4 ends at this point and wave 5 starts.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this analysis, we examined the a wave in the weekly time frame.
Based on this wave count, waves 1, 2 and 3 are complete and now we are inside wave 4.
In wave 4, wave a is formed as 5 waves, so we expect wave 4 to be completed in a zigzag pattern.
Wave a is complete and Wave b is forming, and Wave b must move to a maximum of 0.618 Fibonacci.
The upward movement of the price that has started is related to one of the waves of wave b, but to be sure of wave b, we first expect the pink channel to break.
After the completion of wave b in the specified Fibo, we expect the price to fall to the specified area to form wave c.
If the price moves higher than Fibonacci 0.618, wave 4 ends at this point and wave 5 starts.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.