Hello traders, Symbol AUDJPY, as you can see in the chart, has a side mode price, and we did this counting based on complex waves.
In this chart, first a zigzag is connected to a flat by an X-wave, and the last wave of this flat (c-wave) is completed in the form of a channel.
With the price coming out of the purple channel, we came to the conclusion that the felt is over and now we have considered two possibilities:
Probability 1: X-wave
Probability 2: Start of the leading waves
At the beginning, we considered the new wave to be an X-wave, which, using fibo and harmonic patterns, identified an area to form a wave from this X-wave.
We expect wave b in the form of a pullback to move to the purple channel to Fibonacci 0.618 and then continue its upward trend in the form of wave c.
If Fibo 0.618 is broken, this analysis will be fielded.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
In this chart, first a zigzag is connected to a flat by an X-wave, and the last wave of this flat (c-wave) is completed in the form of a channel.
With the price coming out of the purple channel, we came to the conclusion that the felt is over and now we have considered two possibilities:
Probability 1: X-wave
Probability 2: Start of the leading waves
At the beginning, we considered the new wave to be an X-wave, which, using fibo and harmonic patterns, identified an area to form a wave from this X-wave.
We expect wave b in the form of a pullback to move to the purple channel to Fibonacci 0.618 and then continue its upward trend in the form of wave c.
If Fibo 0.618 is broken, this analysis will be fielded.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ