Pattern to complete last Wave 5 of from a simple zigzag
Good confluence zone at 7500USD. Good luck
Potentially final waves to rally again Short term Long
I believe that wave B ended, at approx. 123% of (A). Now starting impulsive Wave (c) down
First motive wave completed, expecting a corrective structure now and after retracement done a completion to 1.19
Wave 4 ZigZag completing soon, continuing then the bearish trend for a last time.
The 5th wave finished in an ending diagonal leading to Wave B, targeting around 1.19 - 1.20
Awaiting retracement for wave b and then completion of downtrend of wave c. Afterwards I think correction is complete and uptrend should continue.
Anticipating a further downtrend till end of wave 5, then a correction and a strong continuation of the downtrend
This is what I believe makes AUDUSD over a long time
Short Term UP and then DOWN trend continuation
Just learning EW. If you think that's correct, give me a Like :)
Wave 4 will follow soon
Already in Wave C and continuing to finish last 5th wave
Finishing lower degree correction to continue downward move.
Confluence zone arrived Correction probably finished