audnzd -- correction, prepare for longs
The daily chart shows a corrective pattern from the June high. All gyrations are in 3s. The final leg of this three wave correction--(Y)--whether read as a triple-three, or A, B, and a double-three for C, has the same corrective conclusion. The fact that a trendline was broken is irrelevant because the waves have not finished yet. A few more gyrations down, and then I will be getting long for either C or 3 up. Note the enormous divergence between price and stochastics.
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.