Looking at the weekly chart for AUDUSD, the value is in the major resistance zone. The 34-point moving average also stands as resistance in this region.
In addition, when we go down to 4 hours, the conditions required for Wolfe must reach a certain fibo level as explained in the graphic.
After completing the wedge formation, I expect the return to begin. The R / K ratio is 4.5 turns.
Good luck..
In addition, when we go down to 4 hours, the conditions required for Wolfe must reach a certain fibo level as explained in the graphic.
After completing the wedge formation, I expect the return to begin. The R / K ratio is 4.5 turns.
Good luck..