SteveNixon
Panjang

Correction bottomed out?

FX:AUDNZD   Dolar Australia/Dolar New Zealand
149 1 27
We may have finally found the bottom of this correction.
It looks like a huge flat ABC 3-3-5
I'm looking for a long buy set up with the possibility of price breaking out of the top of the correction.
If the "C" trend line is broken wait for a correction for a long entry

Comments welcome

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Steve

This is not investment advice but rather for education and discussion purposes
Komen: No buy set up yet
Komen: A much deeper correction than I expected but none the less the forecast was pretty much spot on.
I'd say you are right to look for a long entry now on the smaller time-frame, as the wolfe wave on the 240 time-frame has finally hit target and pushed it into oversold territory
Balas
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