AUDUSD recovered nicely in this week from
0.9000 psychological level, but rally may not last long as we suspect that
current bullish leg is wave C), final leg of a three wave recovery in blue wave
(4). It seems that pair has made a flat correction, which means that market can
turn sharply bearish very soon. Keep an eye on minor impulse down for evidence
of a downtrend continuation. We will be tracking hourly price action on
intra-day page very closely.
Regular flat
A Flat is a three-wave
pattern labeled A-B-C that generally moves sideways. It is corrective,
counter-trend and is a very common Elliott pattern.
If you are interested in our
analysis then you can try us absolutely FREE FOR 7
DAYS!
No comments:
Post a Comment