Wave C coming up Short coming....
Hi All,
I've been following all USD pairs closely and I am anticipating a buy back from the dollar across the major USD pairs and AUD looks like it is will follow suit. I've been tracking this pair since the low made in Jan of 0.6822 and post the impulse up, a corrective structure has been in play that has been a bit confusing but this count makes good sense from an EW perspective and a possible short entry opportunity could be presenting itself very soon.
Possible count:
Wave 1: From the low of 0.6822, a clean impulse is visible counted in major waves and sub waves.
Wave 2:
Blue A - Clean 5 wave impulse down
Blue B - I have this as a B triangle with contracting highs and lows made up of 5 X ABC moves (Classic triangle). I have also shared the wave E of B count below for a possible termination point before this pair falls.
Forecast wave:
Blue C - This is the possible next move to the downside which should make a new low just below Blue A wave if this count is correct before continuing the rally back up.
Feel free to share your thoughts and alternate views on my count.
Cheers,
Don
Wave E of B Count
I've been following all USD pairs closely and I am anticipating a buy back from the dollar across the major USD pairs and AUD looks like it is will follow suit. I've been tracking this pair since the low made in Jan of 0.6822 and post the impulse up, a corrective structure has been in play that has been a bit confusing but this count makes good sense from an EW perspective and a possible short entry opportunity could be presenting itself very soon.
Possible count:
Wave 1: From the low of 0.6822, a clean impulse is visible counted in major waves and sub waves.
Wave 2:
Blue A - Clean 5 wave impulse down
Blue B - I have this as a B triangle with contracting highs and lows made up of 5 X ABC moves (Classic triangle). I have also shared the wave E of B count below for a possible termination point before this pair falls.
Forecast wave:
Blue C - This is the possible next move to the downside which should make a new low just below Blue A wave if this count is correct before continuing the rally back up.
Feel free to share your thoughts and alternate views on my count.
Cheers,
Don
Wave E of B Count
Comentarios:
As predicted - price hit! Now, i'll be looking for a short entry.
