Australian Dollar / U.S. Dollar

Long

Updated

Bullish Count

a potential buy opportunity to catch wave C or 3

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pink wave B or 2 almost hit the 38.2% retracement level
pink wave B or 2 is an expanded flat, where blue wave {c} = approx 1.618 blue wave {a}

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short-term count

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diagonal?

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could be another fall to complete wave (c) of a flat correction
immediate push above 0.7127 would argue a different structure is under way

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wave B (or 2) is still in progress

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either way

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if wave (c) is part of a triangle then green i-ii become a-b

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or

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trend remains bullish as long as price trading above the lower channel line

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a solid close above the corrective channel would be a bullish sign

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short-term count

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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

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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.

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

Email：info@ewc.space

Also on:

Related publications

Multiple Guess

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.