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Elliot Wave Analysis of AUDUSD
Super cycle on weekly is complete.
Currently in correction phase of the whole impulse wave down.
1st correction wave is also complete with 3 impulses. Potential for ZigZag correction.
Second wave of the correction will be complete at point C. From that point another 5 wave impulse should begin which would correct the entire wave from the super cycle.
Potential Targets: 0.79(50%) - 0.85 (61.8%)
Currently in correction phase of the whole impulse wave down.
1st correction wave is also complete with 3 impulses. Potential for ZigZag correction.
Second wave of the correction will be complete at point C. From that point another 5 wave impulse should begin which would correct the entire wave from the super cycle.
Potential Targets: 0.79(50%) - 0.85 (61.8%)
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