From this point of view any move below Fibo support makes Bullish development less probable.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/audusd-h4-update_30.html
Friday, November 30, 2012
AUD/USD H4 Update
Just noticed that wave (d) might have finished in only three waves:red ABC where wave C is in three waves as well. If it is so, we now should see somehow more evident bearish pressure to the downside. but so far 50% and 61% provide the support so I will stick with the orginal count idea: wave (d), wave C have not finished the move to the upside just yet.
From this point of view any move below Fibo support makes Bullish development less probable.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/audusd-h4-update_30.html
From this point of view any move below Fibo support makes Bullish development less probable.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/audusd-h4-update_30.html
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