Looking at the larger Picture first. I'm looking for wave e lower to finish the major B-wave triangle, which has been developing since mid-2008. Wave c clearly became the complex wave, which indicates, that wave e should be a more simple zig-zag correction.
Zooming in to the hourly chart, I think that red wave c lower is currently unfolding. If the presented count is correct, then we should see resistance at 1.6466 protect the upside for a break below 1.6367 and more importantly a break below 1.6338, which would call for a decline towards 1.6085.
A break above 1.6466 will invalidate the short term count above, but should only delay the downside pressure for a move closer to 1.6517 before a new downside pressure should be seen.
Thanks! you are the Master!
ReplyDeleteHi EWS,
ReplyDeleteas Master, what do you say to AUD / NZD? This impossible pair should have finally found the deep?
1.0677 should be sufficient. If you find time, an update would be great?
Thank you very much
Hi Paulina,
DeleteI have updated and posted my AUD/NZD count.
Kind regards
EWS
yo gud ELLIOTT WAVE count dear
ReplyDelete