Hi Traders,
If it stays below 0.9136 it's time to short the AUDUSD to catch the last leg down (minuette wave 5) that should take the pair below 0.8860, possibly to 0.8765 or 0.8578.
After this new low, a new rally should take the pair to the area 0.9395-0.9700.
NOTE: check all charts and notes on www.fxtutors.com.au
TARGETS
likely: 0.8860
possibly:...
Hi Traders,
The S&P500 (now at 1697) might be staging a Major Reversal on S&P500 as the Elliott Waves display an end-of-the-line pattern.
If this analysis is correct, we completed a typical pattern known as "the 5th-of-the-5th-of-the-5th-of-the-5th wave" which is, by definition, the best spot to start a major short.
The Wave Oscillator in the 4-hour chart shows...
