7pasos

Still No Time to end the fall

FX:AUDUSD   Australian Dollar/U.S. Dollar
265 0 0
The AUDUSD             seems to be in an impulsive wave, but this have yet to give more movement to the down side even if instead of an impulsive be just an abc correction (a should be i) in this case and iii             ) should be c under this assumption).
As you can see, the key to notice that the rest of the wave down still need to develop further is the extension into 2 wave movements i) and 1)) (micro).
Watching the MACD you can confirm this idea, but as you can see, the divergence only appears in the last part of the wave 3)) who if you look to the fibo extension are near to a cluster where is probable to end and retraces 38.2 to 50% of it self.
I have not decided which one of the i) is the correct, im more into the idea of the second one at the end of the downside movement but lets see how it works more in to the future.
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