bearish flag before bullish action ??

FX:AUDUSD   Australian Dollar/U.S. Dollar
21 0 4
price is actually into a bearish flag , constructing a potential zigzag elliot's pattern that could put the AUDUSD             on the 0.71160 level (witch is the neckline of an inverted head & shoulders , a pullback on a trend line , a fibonacci cluster (retracement + expansion), a retest of an Andrew's pitchfork MLH, and a potential bounce on the MA200.....). if the market go till this point, it will be the end of the wave 2 of the Elliot wave 3, so a beautiful bullish action could start.

BUT, everything's not pink...there"s another fibonacci cluster at 0.71240 (and price has already almost reached this level) but not the energy point). furthermore, RSI & stochastic are both laying on bullish trendline , so for the momentum , price could yet go higher.

PS : Sorry for my poor english (it's very hard for a french guy...)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out