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.
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.
