EURAUD 4 Hour Elliott Wave Count
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08/06/18
From the lows of 1.52755 I have the first leg labeled as and abc for circle A followed by a sideways correction for circle B and a spike up cor Circle C to complete the X wave.
From the highs of 1.5807 I will be looking for the complex correction to continue. Once we finish this WXY we could see a deeper correction that holds below 1.58907 then continues lower in a stronger impulse for a C wave. I believe it will be a back and forth mess until the 1.52755 low give then we could see the correction accelerate lower toward the first target of the 1.50 area.
Above 1.58907 then the x wave is not finished but price would still have to hold below 1.61835 if we are going to see the deeper correction.
08/06/18
From the lows of 1.52755 I have the first leg labeled as and abc for circle A followed by a sideways correction for circle B and a spike up cor Circle C to complete the X wave.
From the highs of 1.5807 I will be looking for the complex correction to continue. Once we finish this WXY we could see a deeper correction that holds below 1.58907 then continues lower in a stronger impulse for a C wave. I believe it will be a back and forth mess until the 1.52755 low give then we could see the correction accelerate lower toward the first target of the 1.50 area.
Above 1.58907 then the x wave is not finished but price would still have to hold below 1.61835 if we are going to see the deeper correction.
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| EURAUD 4 Hour Elliott Wave Count |
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