CedricBenacquista
Long

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...)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out