The unexpected break above 101.77 has forced a new short term count. This new count shows that a triple zig-zag correction is developing and I expect the second x-wave to have finished at 102.65. If this is the case we should soon see a break below support at 102.00 and more importantly a break below 101.21 for the next decline towards 98.36 as the first target.
Hi EWS audnzd are we looking for simple abc correction down to around 1.0760/0730 before iv is finished and v takes over or lower your veiw would be great
ReplyDeleteBest Regards jt
Hi JT,
DeleteYes we should be looking for a correction towards 1.0723 as the ideal target before wave v takes over for the rally towards 1.1031.
Kind regards
EWS
Ps. I will update my view on the blog shortly