Pink_Grasshopper

Pink_Grasshopper

Earlier idea is beginning to fail. Possibly the B wave is not yet over and we're about to see its final leg down. At the moment it's too early to tell if this leg will be targeting 0.71 zone only or will actually be a beginning of the 5th wave down.

Pink_Grasshopper Updated 

Possible ABC continuation but break to the downside from here could invalidate the idea.

Pink_Grasshopper

This pair may possibly have some more juice in it. November 19/20 could be the turning point...

Pink_Grasshopper

We should see reversal occur sometime this week

Pink_Grasshopper

So I decided to step back and explore broader view. This here is a totality of all my observations of our current world as reflected in the S&P 500 Index. Comments, questions appreciated.

Pink_Grasshopper

Details on chart

Pink_Grasshopper

sitting at monthly Pivot Point support and what looks to be an end of a wedge, we should see breakout, direction will the apparent when that happens

Pink_Grasshopper

one more push to about 106 and then look out below.

Pink_Grasshopper

We've already tagged a major trend line and the uptrend since last April was on falling volume. If ~565 is taken and holds the market may see this as an opportunity to break into higher price points, if the level is rejected... maybe I should draw Mr. Newton under this tree... What's interesting is that exactly where the long-term-support-turn-to-resistance line...

Pink_Grasshopper

Unless this currency falls right now (making wave 3 of C) we may be looking at contiunation of the correction. At this time it is looking like triangle forming for wave b. (falling volume confirming consolidation). We may see another run up, maybe to test the highs for wave c of larger B before a rollover.

Pink_Grasshopper

This pair looks to be still in correction mode. The (b) wave looks quite messy but from wave proportion to the prior impulse down, it may already be complete in order to leave enough proportional room for (c) to unfold. Break above the 200d moving average may add confidence to this setup. Monthly PP may add to support. Long with target anywhere in-between 96 and...

Pink_Grasshopper

This is based on @DanV analysis. I like his view but I think wave B might've not completed yet, just starting wave 5 of C. Let's see how it goes

Pink_Grasshopper

Me like this! Wave C underway, stop above the 1.8600, target likely in 1.80000 area (was resistance on the way up, likely to be support now.)

Pink_Grasshopper

I'm liking this setup, although it's not really popping to the upside as of right now. Still, correction is probably underway already. Stop ~ 0.8800, target 0.9150 – 0.9400. This one will have to be watched carefully though as AUDUSD has tendency to wedge to the downside on ends of trend. (This would have to be observed from higher time frames)

Pink_Grasshopper

End of wave 5 has likely taken place and correction is under way, It's possible that wave (b) of that correction hasn't completed yet. Long entry with stop below most recent low (~1.3550), target: 1.3680 – upwards (1.3760 – 1.3820) This setup could make new high and continue if in larger picture wave 5 was an end to a correction in itself. Will have to wait and see...