ANALYSIS UPDATEInteresting week ahead of us, many analyses played out already and some unfortunately not. However it is still only Tuesday, just wanted to post a video to get through the charts with you and share my thoughts.
Have a good day ahead and trading week, will update you at the end of the week and in the mean time I will be monitoring the positions.
T
Forexpairs
AUDUSD:CASE OF ENDING DIAGONAL Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
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