Trader, analyst and instructor with a 6-year experience

AUD/USD: weekly wave analysis

Roman Petuchov

Weekly. The market keeps on forming a global corrective wave [b] (tripple zigzag). Final descending zigzag (z) with an impulse A is now being constructed.

Daily. When the wave (5) of [5] of A will be finished, the market will enter a new bullish correction B. 

H4. Wee see the detailed markup of the wave (5) on the chart. This week we expect a decline in a descending wave 5 of (5) to continue. However, don't forget about the possible small bullish or horizontal corrections. The bearish trend has not been finished yet. 

Scroll to top