Sandeep_Gupta
Short

AUDCHF Sell Elliott Sell Setup plus Triple Top

FX:AUDCHF   Australian Dollar / Swiss Franc
Sell near o.8368. An Elliott wave sell setup is forming in C wave and triple top is also formed.

Sandeep Gupta,
Technical Trader

Twitter: https://twitter.com/sandeepguptafx
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Hi I like the idea of a triple top but there is an alternative way to count the price chart that is also credible. Your iv v a complex could be an abc correction to the iii move. If this count is right price is still bullish and will soon take out the iii. Your chart also put wave v truncated i.e does not go beyond wave iii. Usually when that happens the resulting downmove is usually more powerful tan what we are observing right now
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Thanks for the comment, iv an v and the rest can not be the correction to wave iii as that way wave will overlap the i wave invalidating the count.
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Sandeep_Gupta Sandeep_Gupta
Thanks for the comment, iv an v and the rest can not be the correction to wave iii as that way wave a will overlap the i wave invalidating the count.
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Olu Sandeep_Gupta
You are right I didnt notice that. I was busy looking for an alternative to the truncated 5th. Thanks
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Sandeep, this one looks perfect! Nice find mate, top notch as usual.
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Sandeep_Gupta IvanLabrie
Thanks Ivan.
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Wave three is 127.2% of wave one and the fifth wave is truncated.
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W is 127.2% of W and W is truncated.
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(iii) ED ??????
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