FX:AUDUSD   Australian Dollar / U.S. Dollar
2352 36 53
Please look at the chart for Wave counting By using MACD
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Great Stuff . Like to apply this.
Nice! But what about the EW rule which states that W4 must never enter the price range of W1, unless it's an ending diagonal?
In your first comment that rule is clearly being violated, right?
Anyway, thanks!
Wave-Trader YourMajesty
At least you know something about ending diagonal.
Hi Wave-trader? What do you think? Is it correct?
5th wave can not go that much far as you shown on your chart, because we can see Divergence on MACD here is the example
Wave-Trader Wave-Trader
Here is the possible second counting
+1 Reply
Guerrera Wave-Trader
Your skills shining day by day mate.Good Luck
Many thanks for sharing this, Sir! I just would like to ensure I understood your point well...

Would this be a 1-2-3-4-5 with an ABC correction already started?..
+3 Reply
captain_smollett captain_smollett
Or, in this example, Wave 5 is still pending?

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