AUD/USD H4,Daily & Weekly Update + Gann Fan + Regression

I got two counts that I’m keeping my eye on: one for the bears, onfe for the bulls.

For the bears I have my old count that claims wave 5 had finished next to the  wave 3 top. That means large structure of WXY has finished the leg of X and now we sould see an impulsive development to the downside. Any break above previous wave 2 high invalidates the count. This seems to be supported somehow by regression model.

For the bulls there is my next count that shows wave 4 has not been finished yet and after this long lasting  time consuming triangle correction the price will finally break to the brand new hinghs.

Seb

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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