This is a follow up to my bigger picture shorting plan linked below.
Looks like we have finished an ABC to make for wave (4) correction.
Now looking for a 12345 structure to start the wave (5) down
This should be the final leg down before a reasonable correction upwards.
The bigger picture of this plan:
.
.
.
Background:
I am a longer term AUD bear, anticipating a serious drop yet to come
Since then I have been looking for shorting opps such as this plan:
After some good news about the US-China Trade War, I was expecting a significant move up:
As the above impulse wave up was ending, the top came into focus for shorts
My last plan was to let wave 4 retrace (up) and then try to catch wave 5 down
So the current Idea is to fine tune the targets for wave 5 of 5
Looks like we have finished an ABC to make for wave (4) correction.
Now looking for a 12345 structure to start the wave (5) down
This should be the final leg down before a reasonable correction upwards.
The bigger picture of this plan:
.
.
.
Background:
I am a longer term AUD bear, anticipating a serious drop yet to come
Since then I have been looking for shorting opps such as this plan:
After some good news about the US-China Trade War, I was expecting a significant move up:
As the above impulse wave up was ending, the top came into focus for shorts
My last plan was to let wave 4 retrace (up) and then try to catch wave 5 down
So the current Idea is to fine tune the targets for wave 5 of 5
Note
2 targets hit, thanks to FOMC rate hike. Will likely go to next zone yet 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.