XJO 0.74% 8,285.2 s&p/asx 200

elliott wave analysis of xjo & spi, page-4

  1. 178 Posts.
    AUDUSD

    I suspect this is still inside a 4th wave labelled as wave [iv] of A, staying under 0.9607 suggests a move towards 0.9400, which would then complete a 5 wave decline from 0.9757 and set up for bounce higher in what i suspect will be wave B of [B].

    A move above 0.9607 negates the short term idea, that this is still inside wave [iv].

    Ideally it stays inside this smaller triangle idea, but under 0.9550 offers a setup to sell, stops 0.9607


 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.