Possible Wave count for AUDUSD H4
Updated
Possible Wave count for AUDUSD H4. A bullish divergence has formed(Red Lines) Between Wave 3 and wave 5 indicative the end of Impulsive Wave and start of Corrective wave.
Also note the Triangle forming(Blue Lines) indicative a continuation of upward trend.
Also note the Triangle forming(Blue Lines) indicative a continuation of upward trend.
Note
Seems Like we are bouncing off the blue support line with a for 5 wave (ABCDE) Triangle pattern in a corrective. If it goes up and and break the the Blue resistant line we are on Wave C. Potential entry Above 0.68597Note
It seem my update on 9th December about the ABCDE Triangle has been invalidated and we continue continue on the ABC correction as per my analysis on 7th December.
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