Weekly Elliottwave $AUD/NZD: Low can Be In Place
Decline from 1.3692 is taking the form of Expanded / Irregular FLAT (a)-(b)-(c). Wave (a) unfolded in triple corrective structure wxyz and ended at 1.0439. Wave (b) unfolded in double corrective structure wxy and ended at 1.3795. Wave (c) is in progress and unfolded in 5 waves diagonal, where wave I ended at 1.238, wave II ended at 1.3276, wave III ended at 1.0494, wave IV ended at 1.1304, and wave V is in progress and ideally reach 0.982. This level is when wave I = wave V and also where wave (c) = 1.236 extension of wave (a) in the Expanded / Irregular FLAT structure.
The view remains valid as far as wave IV at 13039 pivot holds. Alternative view suggests wave V of (c) is already complete at 1.002, and the pair has started multi-month / multi-year rally.
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Twitter: cmellon1976
Website: elliottwave-forecast.com/amember/go.php?r=2670&i=l1
The view remains valid as far as wave IV at 13039 pivot holds. Alternative view suggests wave V of (c) is already complete at 1.002, and the pair has started multi-month / multi-year rally.
---------------------------------
Twitter: cmellon1976
Website: elliottwave-forecast.com/amember/go.php?r=2670&i=l1
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