AUDUSD Bearish Triangle Opportunity.Summary: The AUDUSD has traded sideways the past few sessions in what has taken the form of a triangle triangle, in mathematics triangle, in mathematics, plane figure bounded by three straight lines, the sides, which intersect at three points called the vertices. Any one of the sides may be considered the base of the triangle. . Expectations are for a bearish Bearish Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value. bearish break from this consolidation. The AUDUSD has traded sideways the past few sessions in what has taken the form of a triangle. Expectations are for a bearish break from this consolidation. The sideways trading that has taken place for the last few days is most likely a 4th wave triangle within the 5 wave drop from .9849. A drop below .8591 would satisfy minimum expectations. The January January: see month. low at .8512 is potential support. This is a close up of the triangle. There is a slight chance that price exceeds .8757 in wave c of a flat. That count still calls for a drop below .8590 though. A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (Albawaba.com)
Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion