Possible Wave count for AUDUSD H4. A bullish divergence has formed(Red Lines) Between Wave 3 and wave 5 indicative the end of Impulsive Wave and start of Corrective wave.
Also note the Triangle forming(Blue Lines) indicative a continuation of upward trend.
Also note the Triangle forming(Blue Lines) indicative a continuation of upward trend.
Bình luận:
Seems Like we are bouncing off the blue support line with a for 5 wave (ABCDE) Triangle pattern in a corrective. If it goes up and and break the the Blue resistant line we are on Wave C. Potential entry Above 0.68597
Bình luận:
It seem my update on 9th December about the ABCDE Triangle has been invalidated and we continue continue on the ABC correction as per my analysis on 7th December.