ABC CORRECTION IN AUDNZD - DAILY CHART
Updated
Hi Folks,
One more analysis. I really have my hopes into this trade, working with a buy limit order.
We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five".
At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation.
My final prediciton is that in the 0.786 level the market will bounce, without breaking the bottom level. If it does not touch the level 0.786 then it will brake and start the new motive wave.
Carlos
One more analysis. I really have my hopes into this trade, working with a buy limit order.
We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five".
At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation.
My final prediciton is that in the 0.786 level the market will bounce, without breaking the bottom level. If it does not touch the level 0.786 then it will brake and start the new motive wave.
Carlos
Trade active
In the trade since the 78.6 Level of the Fibo
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