AUDUSD appears to be close to finishing another 3 wave structure labelled as C-D.
It has made a short term correction following from an impulse.
It also seems to have broken out of the short term correction trendline and began its move downwards.
I expect the impulse to end at point D and begin another 3 wave pattern upwards completing at E.
Once D has completed I...
Expecting gold to form a short correction like that of wave two.
Expecting another impulse up after correction is broken.
If confirmed, fifth wave can be expected to go to the 38.2 extension, with unlikely possibility of reaching the 61.8
Never looked into gold, trying to apply my analysis to as wider range as possible. Any feedback appreciated.
I see bitcoin to have made its first impulsive wave up, which I took the fib retracement from.
I extended the key levels I expect bitcoin to complete its 5-3-5 wave pattern at.
After completion of the C wave, it should resume the upwards move.
38.2 seems where it will be forming what looks to be the 4th sub wave, and I expect to see the 5th sub wave to continue...
If price breaks out of the range it appears to be 'stuck' in and comfortably reaches the highlighted area,
then I would expect it to form a truncated fifth wave.
The truncated fifth would also reach the monthly/weekly trendline and begin a sharp ABC downwards ending around 1.3-1.2.
I would wait for a sell set up from the trend line.
The only alternative to this I...
I'm new to trading waves and any feedback is appreciated.
I see DJI nearing the end of the 3rd wave and am expecting a correction similar to that of wave 2.
The fourth wave will be one of the three corrective pattern types and could become more complex, I just added the bar forecast as a general estimation.
I expect it to form the fourth sub wave from the 1.618...