ASX All Ordinary: Elliottwave structure suggests turn is close

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 16, 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, and wave (iii) ended at 5245. Wave (iv) FLAT can be called complete at 5147.4 although a marginal low at this stage still can’t be ruled out. While pivot at wave (ii) low at 4905.4 stays intact, Index still has scope to extend one more leg higher in wave (v) towards 5300 area to finish wave (X) and end the cycle from 2/10 low. Once wave (v) is

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