Reversal on AUDUSD Eyeing 0.706
Hello traders,
on aussie we are tracking a bigger, A-B-C reversal down from 0.741 high, which can belong to a bigger correction. On the intra-day chart we see a five-wave completed move in A, followed by a sideways price activity which resembles a completed expanding flat in B at the 0.732 level, where also Fib. ratio of 0.618 sits.
If wave B is completed, then latest decline can be part of a five-wave move into a wave C, which can target 0.706 support level. That said, if wave B is still unfolding, then we can see higher prices.
on aussie we are tracking a bigger, A-B-C reversal down from 0.741 high, which can belong to a bigger correction. On the intra-day chart we see a five-wave completed move in A, followed by a sideways price activity which resembles a completed expanding flat in B at the 0.732 level, where also Fib. ratio of 0.618 sits.
If wave B is completed, then latest decline can be part of a five-wave move into a wave C, which can target 0.706 support level. That said, if wave B is still unfolding, then we can see higher prices.
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。