AUDJPY Weekly Elliott Wave Count
AUDJPY Weekly Elliott Wave Count Update 08/06/18
Not much has changed on the AUDJPY Weekly Elliott Wave Count in the last 16 months by the looks of the chart posted on 04/16/17.
From the lows of 55.07 we have an Elliott Wave Zig - Zap up to 105.432 for a (W). From those highs we have a double correction WXY to 72.50 for (X). From this lows it seems we have an Elliott Wave Impulse up to 90.307 for an A wave of (Y). From those highs we have 3 waves down for the blue circle w with consolidation for the x wave. This should be followed by 3 more waves lower for the y wave down toward the 76.00 area to complete the B wave before higher again.
Also worth noting is the green box I have in this area. It is obvious that they have been buying the dips in this area since Jan of 2010 and I don't know why they wouldn't be doing it again.
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AUDJPY Weekly Elliott Wave Count |
04/16/17
The weekly Elliott Wave Update for the #AUDJPY is showing a triangle. The current move up is a of (D) of the triangle with the B wave down in progress. I believe this current move down is circle a that is will be showing on the Daily Elliott Wave Update.
Price will need to stay above 72.45 for the count to remain valid.
AUDJPY Weekly Elliott Wave Chart
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AUDJPY Weekly Elliott Wave Update
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