This is my response to Tim's chart.
DislikedRegarding your weekly view, I have to disagree based on the following rationales.
First, this has been a very popular and dominant view of the Forex websites. You are using that view as a base to add your opinions to it.
Second, as mentioned before, all long term TF wave formations are corrective patterns. Having said this, the wave C has completed at the end of wave 5. The Aussie has moved to another major downward corrective pattern after wave 5.
Third, unlike impulsive waves, a corrective pattern does not have a 5-wave triangles.
Fourth,...Ignored
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