AUDJPY seems to be in final stages of black wave 5 and could ideally turn up in sessions ahead into a corrective retracement. Right now we think that price is trading in wave four the sub-wave of our black wave 5 and could later move even lower to around 79.00 area before turning to the upside. We are tracking an ending diagonal, that usually pushes prices higher, when it is completed.
Have same wave count. Need to see more PA before confirming ending diagonal
Rogelio
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Hello, I see you idea is great, we are close to a change in price direction.
could we possibly be in wave 4 in weekly chart? and even try 86 again?
I will appreciate your comments. Thank you