pavan15589

AUDUSD - Elliot Wave Cycle

FX:AUDUSD   Australian Dollar/U.S. Dollar
73 0 0
AUDUSD             is portraying a classic Elliot Wave as the 'V' wave has had a very flat trend, a diagonal wave and failed to gain much height from the peak of motive 'III' which represents a classic scenario of Elliot Wave Cycle....

The dying 'V' wave represents an initiation of a corrective trend thus depicting a probable 5-3 cycle in which the leg 'B' is already at play.

We could see the cycle completion at point 'C' before the trend continues.

*This is as per my understanding so far and any mistakes and further corrections or comments will certainly help as I am still studying principle.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out