Lovely and pure setup by the Australian index. It is currently looking like it is forming a head and shoulders pattern within a smaller degree as a corrective structure. Wave 1 of the red count is an extended wave formed by a leading diagonal pattern and it is slightly longer than wave 3. This is normal provided wave 3 is not the shortest of all the three waves. I observe indexes to further inform currency pair analysis for a greater level and standard of confluence, this has served to be quite a helpful process.
Let me know what you think this index for the week or two ahead if you observe and/or trade these, I would love to know and learn from a few perspectives. Let me know down in the comments section or the likes buttons if you like and enjoy my setups. I will be posting the progress below under the updates, do stay tuned.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.