AUDUSD/SPX Correlation & Wave Count

FX:AUDUSD   Australian Dollar/U.S. Dollar
86 0 3
I'm not so much interested in the tight correlation, what interests me is the apparent same minor wave count.

As suggested previous chart on the AUDUSD             it had formed a wave e and then it did a lovely (and very profitable) 400+ pip drop off taking out the low back in September last year.

But after what I've labelled as wave (iv), ending 0.70487, of the drop it appears to be doing a repeated a-b-c pattern, suggesting an ending diagonal in the making. (This pair is seemingly in the right place to do that.)

The same as the S&P             . (Which I was trading yesterday, logging that little drop as of a-b-c form) And I THINK both have just completed wave a of iii             (?)

If all so, this may be the beginning / middle of the end of a major wave for this forex pair. And the AUDJPY             . And the commodities / crude, USDCAD             etc. connection, blah-blah … crude & the USDCAD             / AUDUSD             turning up or down into a major 4th (I think).

I would stress this is a POTENTIAL ending diagonal in formation.
United States
United Kingdom
Home Stock Screener Forex Signal Finder 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