FX:AUDCHF   Australian Dollar/Swiss Franc
80 4 0
This is not a trend and not the end of a trend but the bottom of a range with an overextended ABDC-wave.
Well, well. I don't know. I admit, a retracement seems to be warranted back up to the resistance that I can see at your cyan line, the 0.84000 level. Of course, I may be wrong, but I wouldn't give it more than that, at the moment.
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motleifaul ForceFollower
I see a situation similiar to the August bottom. How far the correction will run? I don't know. I see the chance of a retracement higher than the danger of a breakthrough of the bottom at moment.
Doubts are always there. This is market. Hit and run.
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ForceFollower motleifaul
If you're concerned, because it stopped at the P point (50%), don't worry. I think it should go up again. At least to 0.8357.
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motleifaul ForceFollower
Unfortunately not. Stopped out.
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