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Elliott Wave Charting: Aud/Usd


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Elliott Wave Charting


An upward correction from the 0.8577 lows is still searching for a top, before the market can easily reverse the recent moves. Small changes were made on the wave count, and we came out with a possible sharp zig-zag correction in a red wave II, with black wave C) in process.

The top of that correction may get hit somewhere between the 61.8% and 76.4% retracement zone, measured off the previous wave I decline.

Once the top of our red wave II is reached, somewhere below 0.9330, a huge down-trend will be expected.

TheLFB Charting: Aud/Usd 4h view

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Disclosure: no pos.