ASX All Ordinary: Elliottwave analysis suggests turn is close

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Short term Elliottwave structure suggests wave C rally from 2/10 low is unfolding as 5 waves where wave (i) ended at 5047.1, wave (ii) ended at 4905.5, wave (iii) ended at 5245, and wave (iv) ended at 5146.4. Near term, wave (ii) of (v) is expected to complete at 5175.8 – 5194.4 area, then as far as wave (iv) pivot at 5146.4 stays intact, index still has scope to extend higher towards 5320 – 5370 area to complete wave (X) and end the cycle from 2/10 low. A break below 5146.4 may suggest that

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