FX:AUDUSD   Australian Dollar / U.S. Dollar
a potential buy opportunity to catch wave C or 3

also note
  • pink wave B or 2 almost hit the 38.2% retracement level
  • pink wave B or 2 is an expanded flat, where blue wave {c} = approx 1.618 blue wave {a}
Comment: short-term count
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Comment: diagonal?
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Comment: could be another fall to complete wave (c) of a flat correction
immediate push above 0.7127 would argue a different structure is under way
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Comment: wave B (or 2) is still in progress
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either way
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Comment: if wave (c) is part of a triangle then green i-ii become a-b
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Comment: trend remains bullish as long as price trading above the lower channel line
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Comment: a solid close above the corrective channel would be a bullish sign
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Comment: short-term count
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Related Ideas

BTW: I am expecting 0.68 for this daily downtrend target, maybe a bounce would be expected.
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Bull counting still in doubt.
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wsbza EliteOtaku
@EliteOtaku, i guess we need to wait a bit longer until the picture is getting clearer
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@wsbza, yes, I am using Neowave by Glenn Neely, in his theory, it takes quite a lot time to finish the last step of confirmation, so sometimes u have to take a little risk.

BTW: I am following you at weibo. Nice job, buddy.
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