danamut
Long

Wave 4 of elliot wave in progress

FX:AUDUSD   Australian Dollar/U.S. Dollar
29 2 2
The retracement of wave 4 on weekly is not over yet, Currently wave C of wave 4 is on.
Aim to sell at end of wave C
Why do you think there are not impulse (I mean wave (B)) ?
Reply
danamut its_new_wave
it looks like wave B may be impulsive but according to my analysis wave 4 is not complete on weekly and daily. So I labeled it wave B because I am expecting wave C. But forex can change and then it will be wave 1 and 2 of wave 5 on daily and weekly. Thanks for deeper analysis
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