In the above EW count, what highest level do expect wave 4 to complete?
Thanks in advance for sharing.
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I was expecting a 38.2% retracement at least at 1.2735 ..however the price has fallen shot and is currently in a down trend..lets see if 1.2144 holds..
commodity as gold and oil are getting greed.Stock market were look pressure by the commodity price goes higher. US bond appreciate...or maybe aud/gold are good choosing one right now?
buy usdchf?
buy audusd? ----> this is uncertain by looking wave count H1
commodity as gold and crude looks appreciate...and sentiment positively higher.But stock market US and Euro are getting low . GU maybe stuck in range around 1.4430 - 1.4340.
Your comments are welcome..
Risk Appetite during this period look so clear that commodity as gold and oil sentiment barrier on + , as stock (S&P & NDQ) , FXE , EUX are great upwards move..so we got jpy and usd bearish....very....high risk assets are hot pick!
equity market moving low...as commodity lower at us market..
low risk assets are hot pick...(US,JPY,BONDS) - as US INDEX +.
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Watching the same count on the USDCAD....
Here are 3 charts of the USDCHF...5 MN, 1HR and a weekly..
First the hourly chart shows a nice Bull flag for a wave (iv) before the final wave up of wave 1 or C.
The 5 Minute chart shows the current "X" Leg up before the final "Z" down to finish the (iv) wave.
The weekly chart shows a count that says this leg up "May" be an E leg of a wave 4 triangle. if ti is then the USDCHF has one more long wave down for wave final 5th wave.
