AW Aussie Dollar Analysis - Wave 2 Correction Incoming...
Now that I have updated the analysis for the bigger picture, we have a better understanding of the overall structure.
That means I will continue to maintain the bullish view unless proven otherwise.
At the smaller degree we are looking for the start of Wave 2.
We may or may not have topped out so I will be paying close attention at the open.
The first expected move down will be Wave A so a strong impulsive move down will be expected.
From there we should be able to gauge further short-term trading opportunities throughout the corrective process.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
That means I will continue to maintain the bullish view unless proven otherwise.
At the smaller degree we are looking for the start of Wave 2.
We may or may not have topped out so I will be paying close attention at the open.
The first expected move down will be Wave A so a strong impulsive move down will be expected.
From there we should be able to gauge further short-term trading opportunities throughout the corrective process.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Comment:
I will be posting an update for this shortly.
