FX:AUDNZD   Australian Dollar/New Zealand Dollar
42 3 0
Heading for minor wave v we should be getting ready for correction soon
Hi John, I like your chart but don't really understand your use of what I think of as the labelling convention for symmetrical triangles, ie. ABCDE. Could you clarify your intentions by using this labelling?
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Hi Fxgraffiti will answer tonght in detail runing around at the moment..
Brgs jt
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Hi Fxgraffiti I use this labelling because i use Fibonacci retracement and expansion at the same time trying to find relationships within corrections from v I top there was abc and x retraced in my thinking because of x we will get another series of corrections if we use fibo expansion from c to x to A i , b ii comes in right on 161.8 Fex and 70.7 retrace. The structure marked i ii measure from vi to Ai to Bii and we find iiiC came in right on Fex of 127.2 and 70.7 retrace and get a retrace of Bii to Ciii marked ivD at 50.0 and finally vE came in 161.8 Fex of the same measurment of vI to Ai to Bii and to back it up 88.6 retracement but to sum it up why i mark things the way i do is to try and find the best fitting relationships with corrections.
Best Regards jt
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