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InsideMarket
Sep 30, 2016 6:34 PM

AUDUSD - Daily fractals: counting waves. 

Australian Dollar/U.S. DollarFXCM

Description

I am seeing a lot of ending diagonals lately. In fact, they are common and appear at the exhaustion of the wave.

This ending diagonal on hourly is a 'C' wave of the ABC at daily. This daily ABC is a 4th wave of a greater ending diagonal on weekly basis, if my wave count is right. (SEE 'RELATED IDEAS' BELOW).

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