dojitrader
Short

W-X-Y Correction at a Channel Top ???

FX:EURAUD   Euro Fx/Australian Dollar
53 1 2
A 7 wave double would be ideal at the top
of the channel. Even if the correction continues
the probabilities indicate some kind of downside
before this corrective price action becomes more complex.
A clear 5 waves of C would create more confidence in
the signal for a short ~~~~ Of course, almost nothing
is so simple or so clear and perfect, so, I'm wondering what
will make me question this analysis and test my psychology.
It's amazing how this set up was clear as a wilderness lake - until ----
I noticed. Since then this has become as clear as the air in Beijing China.
However, I'm still anticipating a chance to sell the top trend line for
a channel trade back down.
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