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Sunday, February 14, 2016 12:24:15 PM
Hey Heavy, here's the count as I have it now on the AU 4 hour.
One thing I've found useful is to go back a bit and get some of the historical counts laid out and then move forward to see if everything fits. That expanding diagonal up from the lows I have on the chart here is the key to the rest of the pattern.
We're working on a small counter trend move inside that small upward channel at the moment.
I'm also including the hourly AU chart here to show the correlation between the two. I expect AU to drop back a bit to either the 61.8 or 78.6 fib on the hourly chart and then move up again to 0.7188.
4 hour chart first and then hourly...
One thing I've found useful is to go back a bit and get some of the historical counts laid out and then move forward to see if everything fits. That expanding diagonal up from the lows I have on the chart here is the key to the rest of the pattern.
We're working on a small counter trend move inside that small upward channel at the moment.
I'm also including the hourly AU chart here to show the correlation between the two. I expect AU to drop back a bit to either the 61.8 or 78.6 fib on the hourly chart and then move up again to 0.7188.
4 hour chart first and then hourly...
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