AUD/JPY extending correction on the downside
The correction extends on the downside, forming a WXY for now.
I marked a fib cluster (the grey area) that can mean a potential end of the wave Y.
However, wave Y can go down more until around the 90.743 price area.
If it goes below that level, we may have a diagonal forming, as we are finding ourselves into a bigger Wave 5, where an ending diagonal can happen sometimes.
I marked a fib cluster (the grey area) that can mean a potential end of the wave Y.
However, wave Y can go down more until around the 90.743 price area.
If it goes below that level, we may have a diagonal forming, as we are finding ourselves into a bigger Wave 5, where an ending diagonal can happen sometimes.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
