FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             finally gave up, making this impulsive incline from wave 2 lows to wave 3 highs completed, as we now see a reversal unfolding in wave 4. That said, we expect to see more upside after this a-b-c pullback is completed in wave 4, ideally around 0.73392-0.73924 area, where previous wave fours, can act as a support, thus a reversal towards higher levels.

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Has this analysis failed?
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ew-forecast SharifAzadeh
No it is still valid... Even looks that wave 5 has already unfold.
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Nice Elliot wave forecast
+1 Reply
Great...here is mine:



+1 Reply
ew-forecast SharifAzadeh
Nice, i see you are tracking a flat.
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SharifAzadeh ew-forecast
Yep. BTW, price action is very strong and it seems that bulls don't want to give up yet
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