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Thread: Elliot Wave Trading

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#9867 (permalink)

08-04-2008, 02:59 PM

brad_1199

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Join Date: Sep 2005

Posts: 3,181

AUDNZD

I saw Jaime throw up a chart of AUDNZD in here a while back labeling this huge triangle on the monthly chart as a wave 4.. However from the look of this triangle .. It looks like a barrier triangle that will eventually break out to the down side.. I think we could be in a Wave "E" triangle throw over right now... It will take some time to see who is right.. But clearly this triagle looks like a Barrier triangle so my bias must remain for more down side... Price must remain under 1.3538 for this count to stay valid..

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