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Friday, March 04, 2016 4:58:08 PM
AU Weekly Chart
Modified the count slightly but it still counts as Wave 3 up so far in a larger Wave 3. So a daily new low probably isn't coming. But it still needs a deep retrace back to 0.7050 or so to set up for the next leg up. That would be the yellow Wave 4 back.
So we would have minor Wave 4 of 2 of 2 to make the final low, wherever it pops up.
After that, longs should be a good play.
Modified the count slightly but it still counts as Wave 3 up so far in a larger Wave 3. So a daily new low probably isn't coming. But it still needs a deep retrace back to 0.7050 or so to set up for the next leg up. That would be the yellow Wave 4 back.
So we would have minor Wave 4 of 2 of 2 to make the final low, wherever it pops up.
After that, longs should be a good play.
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