Here we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down.
I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.
My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the...
As is shown in the graph, gold have gone through a great uptrend. Corrective wave A is a flat corrective wave(3-3-5). Wave A had fell below 50% of wave 5. And there is double bottom shape. I incline to wave A is over. Now is in the corrective B. in consideration of daily support 1255, wave B is likely to be a triangle corrective wave. Dot d is 1268.42 low price...