Replies to post #138076 on Simple's Green Room

[pennies2007]

That still falls well within that daily ledge resistance area I see Heavy so it's good.

I just can't reconcile an immediate move into that upper level with the elliott wave finishing patterns I see on the AU hourly chart right now. Those expanding wedges are normally deadly 5th wave finishing patterns.

What's even more strange is that AU is still only showing a 3 wave pattern bounce, which still qualifies as a bear market correction only with another daily low still coming.

Oh well, time will tell I guess. Have to just make the best of it and see.