Downside ZigZag A-B-C is in progress and we are at C (Diagonal) wave. I expect at least the price will reach 99 point or Diagonal (i) (iii) line around 98 point.
I see the decline from July 3rd as a diagonal wave, wave A or the first wave. The first wave of this diagonal wave is larger than the third and fifth waves, and the third wave is currently in progress. I also think that the diagonal wave will be completed while staying under the daily MA. If the price breaks the daily MA before completing the diagonal wave,...
I am waiting for the price drops and overlapping to Diagonal 1st end line (1.10). This price range is also 61.8% retrace of wave iii. Expecting wave v (a-b-c) for completion of Diagonal form which is a part of zigzag C starting from 26/June/2024.
Wave analysis for USD/CHF weekly chart. The current wave is wave X. This wave appears to be forming a double zigzag and falling to all-time-low.
A triangle has been forming since the bottom in September 2022 and the E point of the triangle was reached on the 12th of this month. After this point, we expect the corrective wave to end and the downtrend to resume. The daily 200 MA and the cloud are lying directly below, and I speculate that a break out of this point will accelerate the decline. I will post a...
The AUD/USD pair appears to be forming a diagonal. Its starting point is from 2023/2/2. It is currently in the middle of the 5th -c wave and I think it will reverse and fall from the recent highs (0.67141).