FX:AUDUSD   Australian Dollar / U.S. Dollar
362 8 18
Details on the chart
Comment: Hi traders we managed to get a 50% fib pullback on the Daily TF. We have added more sells on this big winner. Targets remain the same cheerz. See details below
How its playing out on the 4hr Timeframe
snapshot
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I cannot fault your count, great work.
I hope this was wave 4 and I need I need wave 5 to go down to 0.6 to make good money.
Cheers
John
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johnm600 johnm600
It's still possible that your wave 4 is not over and we have only seen a @ .78 and b @ .71 with c to go to a 38% retrace at 0.84.
Cheers
John
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EWChartist johnm600
Hope you making some good money on this one. We have been in this business for some considerable amount of time and a common problem av seen with Intermediate EW practitioners is that they can do the wave counts perfectly but don't know how and when to take the shot and hit the Jackpot. They also dont know when to stay out and sit on their hands. The 5th wave is one of the most profitable waves you can be trading on a daily basis on different timeframes especially if you can get an extended 5th wave !!!!!!
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Hi EWChartist,

On March 18 you showed a finished five wave decline in AUD/USD and now you "only" have a complete 3 wave decline to 0.6827 and and ongoing wave 4 correction. What made you change your count.

I do think this above count is the correct count, but would you be so kind to enlighten us, in what made you change to this count

Thank EWS
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This is my "hoped for" count as well.
Cheers
John
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EWChartist johnm600
Cheerz to you too John... and welcome
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This is to show those who are Disciples of Elliott wave theory that the Theory can defend itself. The wave 1 closely examined
snapshot
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