double tree correction
AUDNZD 0.03% is having lower low bearish sequence from October 24.2017 peak. We just finished 5 swings bearish sequence on 02.03.18
before we keep continue this bearish moves we need to finish last leg of the tree WYX - corrective sequence
corrective sequence is made up of 2xZIG 5,3,5 ( ABC ) and 1x FLAT 3,3,5 ( ABC )
FLAT ABC
WAVE B = 90% OF WAVE A
Wave C generally terminates slightly beyond the end of wave A
Wave C could be 61.8%, 100%, or 123.6% of wave AB
Wave C needs to have momentum divergence (made up of 5 impulse sequence)
there is cypher and bat showing to buy this last leg of that flat
before we keep continue this bearish moves we need to finish last leg of the tree WYX - corrective sequence
corrective sequence is made up of 2xZIG 5,3,5 ( ABC ) and 1x FLAT 3,3,5 ( ABC )
FLAT ABC
WAVE B = 90% OF WAVE A
Wave C generally terminates slightly beyond the end of wave A
Wave C could be 61.8%, 100%, or 123.6% of wave AB
Wave C needs to have momentum divergence (made up of 5 impulse sequence)
there is cypher and bat showing to buy this last leg of that flat
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.