AUD/USD: wave analysis (Nov. 10-16)
By Roman Petuchov
Weekly. The market is now developping a descending corrective wave [b] that takes form of a complicated tripple three. The final descending zigzag (z) is now being built. Let's see the markup in details.
Daily. Initial bearish impulse A is close to its end. When the wave A will be over, the market will develop a bullish corrective wave B. Let's see the wave A in details.
H4. The market is forming a descending impulse wave  of A. This week the market will likely develop a horizontal correction (4). Afterwards the decline in a wave (5) will continue. The potential trajectory is marked on a chart.