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Goldenratio

AUDJPY Begins Elliot Correction After Wave 5 Impulse EndsOANDA:AUDJPY seems to have started a Elliot Correction Wave after the Impulsive Elliot Wave came to a finish once Wave 5 ended this morning @ 93.774. Now after an Impulsive Wave ends, its theory that a Correction comes next and with Price having Retraced to the Golden Ratio creating a Lower High, this is the beginning signs of that theory in the works! The Sequence will be confirmed once Price Breaks below Point A @ 93.248 where then we should suspect Price to find itself back down into the 92 range where the Correction Wave should come to an end. RSI is trading back below 50 confirming Price has room to move lower strengthening the Bearish Bias.
Short
by Novi_Fibonacci
BTC eyes on 97.8k then 95.2k: Next major Support Zone incomingBTC now watching 97.8k then 95.2k: Next support zone incoming BTC pulling back hard from our 111.7k Top call (see below). Loss of 104/105k has opened the next major support zone. Sub-100k stop hunt was expectable and looking likely now. ================== Previous Plots below ================== TOP call at 111.7k: Subsequent warning about 105k: Hit the BOOST to encourage more such PRECISE publications ====================================================== .
COINBASE:BTCUSD
by EuroMotif
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