Hi guys! Hope u r all ok after last nights storm!
This is my vision of the next moves for AUDUSD. In my opinion the trend in bullish and we will possibly see 0.78400 or even 0.78600. The last correction within the purple waves count is not heavy enough and we might see the correction to proceed until 0.76400s and then start moving to 0.77783 and in this case I don't think that the price will move further until 0.78400s. I hereby think that the third wave is an extension that will lead to a greater correction followed by anothr impulse (white whave count). Below please find some sort approval or evidence proving the bull trend. Not an advice and should not be considered as an advice whatsoever. Just learning elliott waves here. Good luck with ur trading.
Daily - Double bottoms
Daily - Head and Shoulders pattern
This is my vision of the next moves for AUDUSD. In my opinion the trend in bullish and we will possibly see 0.78400 or even 0.78600. The last correction within the purple waves count is not heavy enough and we might see the correction to proceed until 0.76400s and then start moving to 0.77783 and in this case I don't think that the price will move further until 0.78400s. I hereby think that the third wave is an extension that will lead to a greater correction followed by anothr impulse (white whave count). Below please find some sort approval or evidence proving the bull trend. Not an advice and should not be considered as an advice whatsoever. Just learning elliott waves here. Good luck with ur trading.
Daily - Double bottoms
Daily - Head and Shoulders pattern
Nothing is true, everything is permitted.
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