No doubt this is the most clear and profound pullback for the AUDUSD decline since the last part of the fall begun a week ago. But now is time to confirm our assessment for the actual wave count.
We can have 3 main theories that persist until now about this impulse:
My favorite count is the black, about this we have talked before, under this idea we have an third wave extension formed by 2 wave extensions in it self.
Other one could be the red count, where we merge the 2 wave extensions into only one given that still showing correction from the end of i taking the top of 2)) (micro) as ii sub minuette
The 3rd theory (the least plausible) is the one that consider the fall as only one wave iii) minuette.
The time usually (and other times the price) form some kind of symetry between waves 2 and 4 so lets see which one of this 3 are the better proxy for 4th wave.
We can have 3 main theories that persist until now about this impulse:
My favorite count is the black, about this we have talked before, under this idea we have an third wave extension formed by 2 wave extensions in it self.
Other one could be the red count, where we merge the 2 wave extensions into only one given that still showing correction from the end of i taking the top of 2)) (micro) as ii sub minuette
The 3rd theory (the least plausible) is the one that consider the fall as only one wave iii) minuette.
The time usually (and other times the price) form some kind of symetry between waves 2 and 4 so lets see which one of this 3 are the better proxy for 4th wave.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.