Wednesday, December 18, 2019

#AUDJPY 1 HR #ElliottWave Count

AUDJPY 1 HR Elliott Wave Count

IF we are working with a Leading Diagonal A wave then I would expect a deeper pullback to the wave iv area of 73.356 and even as low as the wave ii area around 72.00.

With that said, I believe the first 3 waves of the correction are complete and we will see a small 3 wave B or X wave bounce.  From there we will see another 3 wave correction or  impulse lower toward the 1st target of 73.356.

AUDJPY 1 HR Elliott Wave Count
AUDJPY 1 HR Elliott Wave Count