dojitrader

Looking for a 3 Wave Correction To Short ???

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
527 views
11
But, first, there is a small chance for an aggressive long IF
Wave 5 equals Wave 1 and the candlesticks trigger a bullish
pattern for a low risk entry on the hourly or 15 min chart.
The better play is probably the short for what could be a
entry into a wave 3.
Will be looking for Wave C to equal Wave A if this is a 2nd wave
increases the probability of a zig zag . Maybe ?
Of course, if this is a 2nd wave it is valid all the way up to 100% of
wave 1, but what could go wrong, huh ?
The Daily chart provides a longer term perspective

Comments

Thanks guys . . .
Let's hope it puts pips in our pockets !!!!!!!!!!!11
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Nice chart ! Agree.
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Thanks, same count I have
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TTCSteve TTCSteve
actually, same count on the 1,2 setup.....your WXY I have as a Triangle wave IV of 5 of X
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dojitrader TTCSteve
If I understand your triangle idea . . .
I dismissed that because the a of Y clearly subdivides into 5 waves
and the guideline of proportionality for wave A and as a triangle this
price action just does not subdivide into 3-3-3-3-3 very clearly at all
to my eye, at least.
Not sure I understand so, pop a chart in the box if you'd like ~~~~~~~~~~
Reply
TTCSteve dojitrader
I have charts on twitter at that handle above....they don't accept outside charts here sorry. Understand your reasoning, and you may be right.
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