JoeDamien

WE CAN SEE THAT THE ELLIOTT WAVE IS OBVIOUS FROM THE 2ND WAVE RETRACEMENT OF 61.8% OF WAVE 1, THEN WE HAVE A CORRECTION IN A TRIANGLE FORM WE ARE IN WAVE E OF THIS TRIANGLE LOOKING FOR A MORE DECLINE IN THE PRICE OF AUD/NZD.

head and shoulders pattern...upward price in the future

we can notice that there is an inverse head & shoulders, so we should expect that the price will go higher in the near future...

As you can see from the graph, we can see a break down of the trend with a retracement of 61.8% level, so we should the price going down for the two levels highlighted in red...