Double zigzag! The start of the rise and weakness of the US doll
Hi guys
I hope you have a good week ahead.
Australian dollar = US dollar (Elliott wave principle analysis)
The bullish market started from the price of $0.61702, which is an impulse pattern, which wave (A-1) reached the highest price of $0.71578 and then started to correct, which is a zigzag pattern, and reached the 50-61.8% Fibonacci range. (Price 0.65644$)
The first possibility: the resumption of the bullish market (price 0.65644$)
Second possibility: continuation of the downtrend to complete the double zigzag
Good luck, more details are available on the chart, take a look guys.
Good luck and stay happy and enjoy your life.
I appreciate your support
I hope you have a good week ahead.
Australian dollar = US dollar (Elliott wave principle analysis)
The bullish market started from the price of $0.61702, which is an impulse pattern, which wave (A-1) reached the highest price of $0.71578 and then started to correct, which is a zigzag pattern, and reached the 50-61.8% Fibonacci range. (Price 0.65644$)
The first possibility: the resumption of the bullish market (price 0.65644$)
Second possibility: continuation of the downtrend to complete the double zigzag
Good luck, more details are available on the chart, take a look guys.
Good luck and stay happy and enjoy your life.
I appreciate your support
