The start of a bull market? The continuation of the bear market?
Hello guys and good night again
Australian dollar = American dollar
The beginning of the trend at the price of 0.61699 is an impulse pattern that has completed five waves (A).
Now we were in the correction, which looks like a big zigzag that has completed the wave (B).
Is the question here? Is this correction enough? And the start of the bull market?? Or a double zigzag following three waves down?
If it is a big flat pattern and the price should break the beginning of 0.61699 and it will go up once more and then continue the downward trend!
In my opinion, both are likely, but I think the bull market is more likely
Dear friends, I only consider the possibilities that are related to my experience and what I have understood from the principle of the wave
Good luck! And I hope you find it useful and enjoy
Australian dollar = American dollar
The beginning of the trend at the price of 0.61699 is an impulse pattern that has completed five waves (A).
Now we were in the correction, which looks like a big zigzag that has completed the wave (B).
Is the question here? Is this correction enough? And the start of the bull market?? Or a double zigzag following three waves down?
If it is a big flat pattern and the price should break the beginning of 0.61699 and it will go up once more and then continue the downward trend!
In my opinion, both are likely, but I think the bull market is more likely
Dear friends, I only consider the possibilities that are related to my experience and what I have understood from the principle of the wave
Good luck! And I hope you find it useful and enjoy
