AUD/USD Elliott Wave Analysis
Stating five wave counting from 0.62760
1st wave : is normal
2nd wave : has given simple deep correction.
3rd wave : is 138.2%(1st wave) which is also normal.
As per Elliott's rules, one of the three impulses is extended. So here 1st and 3rd are normal so there is a high chance to be an extended 5th wave.
4th wave: is under progression or it is completed @ 0.65850
5th wave forecast : As showing in chart sub-waves of 5th waves are unfolding.
If 5th wave 100%(0-3) is @ 0.71100 &
138.2% (0-3) is 0.73100
#AUDUSD #forex #elliottwave
1st wave : is normal
2nd wave : has given simple deep correction.
3rd wave : is 138.2%(1st wave) which is also normal.
As per Elliott's rules, one of the three impulses is extended. So here 1st and 3rd are normal so there is a high chance to be an extended 5th wave.
4th wave: is under progression or it is completed @ 0.65850
5th wave forecast : As showing in chart sub-waves of 5th waves are unfolding.
If 5th wave 100%(0-3) is @ 0.71100 &
138.2% (0-3) is 0.73100
#AUDUSD #forex #elliottwave