AUDUSD H1
A clean 2-4 channel line is established, setting the stage for a 5th wave 5 advance towards the target area, with stop-loss set at the base of 2.π€
#AUDUSD
https://t.co/iFXUWyxrfj
AUDUSD H1 #AUDUSD
Aussie Dollar is dropping down low for the completion of wave 4, before advancing on the 5th of an expanding wedge wave C.
Note: channel line 2-4 needs to be clean
AUDUSD H1 #AUDUSD
Aussie Dollar is dropping down low for the completion of wave 4, before advancing on the 5th of an expanding wedge wave C.
Note: channel line 2-4 needs to be clean
BTCUSD daily
This decline dropped from the high of Nov 2021 and retraced nearly 80% of the previous bull run can only be classified as a second wave (2) correction (whichever way you count it), now bottoming before the next massing bull run (3) to a new high
Patiently expecting!
@ismailcbbtc Good questions, the following update shows wave [iv] is part of a complex wave b that terminates at the low of 21 Nov 2023.
Contrary to most Elliott Wave Theories, wave c of corrections are 5 waves, either impulse wave or expanding triangle (or diagonal whatever you call it).