Re: Elliottwave Education Aussie!!!



look at this elliottwave structure in AUDUSD

It could be retracing atm, into a corrective move, before possibly breaking the latest high at a later date, it could extend lower into the next week or more.

The fact that the GREEN 1 & 2 was a sharp reversal could suggest this correction could be slower going, possibly setting up some reversal day trades (against latest trend), i need to see how price develops today and Monday/Tuesday



PS - you can see where i stuffed up the previous post on Aussie, i had it wrong! soon as that high was broken, it was game on for Aussie! Live and Learn, The Black 3 and 4 should have been a 1 and 2, sending Aussie into the next impulsive move to the topside, not labeling that chart correctly, soon showed me where i was wrong...