- 3 targets are calculated by Elliot wave rules.
Head & Shoulders inverted pattern
Sorry for the mess of a chart. We are expecting AUD weakness over the next few weeks. AUD/XXX = \ bearish XXX/AUD = / bullish *Generally, (XXX) matters just as much!
The reasoning behind this very important set of correlations!
Update chart 12/2018 * Count wave by Symmetry's waves rule. * Targets are calculated by Elliot's wave rule. * Reversal zone is 120%-161.8% Fibo Extension of the Current magnitude (stop loss). * Swing zone is copied from the previous Magnitude.
Catch an eye AXY can break red line or not if can not will confirm bearish again and form Bearish Flag