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marco_politi

The corrective phase on 1h AUDUSD begins.

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
marco_politi  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis AUDUSD trendreversalpattern
5
4
trendanalysis chartpattern waveanalysis audusd trendreversalpattern
What is prefigured here, through a careful examination of the Elliott cycles, is the beginning of a corrective wave.
The 1h chart shows the price level at the top of the AudUsd wave 5 and, before the breakout, a new rebound on the trend line could configure a reversal pattern: head and shoulders or double top.
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