ASX Nice Complex Ending Diagonal - Let's Figure It Out

FX:AUS200   S&P/ASX Index
Still looks like an ending diagonal and its heading back towards the previous Wave iv of Wave 1 which is a common retracement level.

Wave iv of this ending diagonal E Wave took the shape of a triangle which means this last move is weak and will be the final move in Wave 2.

Looking towards the SELL ZONE I would say this could result in a blow off top around the psychological level of 6000 if things get crazy.

Wave (C) can easily exceed the size of Wave (A) if there is a buying climax and the reversal should be severe.

A break of the the magenta line at 5474 level should confirm Wave 2 is over and we are moving into Wave 3.

Please LIKE and FOLLOW to get notification of updates and future posts.
Please Note: All ideas are best effort at the time of posting and are subject to change at anytime due to the fractal nature of patterns. I use AriasWave methodology which is NOT Elliott Wave. I will only change view when there is enough evidence.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out