AUDNZD (ABCDE WAVE)
Structure contains five overlapping waves A-B-C-D-E
A-B-C-D-E wave is a corrective wave and where the wave ends at E, main trend resumes.
ABCDE is a triangle wave, and final wave E tells us prices will breakout to join main direction.
Professionally Yours
A-B-C-D-E wave is a corrective wave and where the wave ends at E, main trend resumes.
ABCDE is a triangle wave, and final wave E tells us prices will breakout to join main direction.
Professionally Yours
Note
My apologies I didn't realise my setup was rearranged, the trade is actually bullishACE share the same line.
Trade active
Trade validWhat I meant previously was that the wave count is only valid if the trend ends up moving north.
So what I meant to adress was that the trade setup is solid, but wave count is invalid.
Setup remains valid
AUDNZD 📉 4H
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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.