AUD/USD Short
Updated
The main area of resistance and supports has been shown.
The Resistance Area and EMA100 will reject again for third time.
The main Elliot wave has been shown which clarifies the End of Wave (IV) correction Wave. The Next Wave is (V) which is located near the previous Support Area. The curve will test again this support area
The Elliot triangle Wave also shows a Bear Market which means end of wave (E) and getting out from the triangle to the point of Wave (V).
The Resistance Area and EMA100 will reject again for third time.
The main Elliot wave has been shown which clarifies the End of Wave (IV) correction Wave. The Next Wave is (V) which is located near the previous Support Area. The curve will test again this support area
The Elliot triangle Wave also shows a Bear Market which means end of wave (E) and getting out from the triangle to the point of Wave (V).
Trade active
Just rejected again from EMA 100, Resistance/Support (Yellow) Area as well as Elliot Triangle. Trend will continue as per graph.
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