AUDNZD Daily cycles and bullish idea

Nov 4, 2021

My idea on this chart is that we are in a bigger cycle which is currently at the the end of an ABC correction. We have had the end of a larger cycle down with divergence and convergence. The recent ABC is either a B wave in a bigger correction or the B wave of an impulse wave up. Either way I would expect to see a push up from this point. See the 4 hour time frame idea for a more recent view.