AUD/USD - Topped or topping

AUD/USD - Topped or topping

AUD/USD - Topped or topping

AUD/USD is still holding up, but if a top hasn't already been found it will be found shortly for a strong impulsive decline. 

The first good indication for a top being in place will be seen upon a break below minor support at 0.7678 and of cause more importantly below the red support.line near 0.7500 that confirms the top and the new impulsive decline to below 0.6825. 

As long as minor support at 0.7678 is able to protect the downside, we must accept the possibility of a move slightly higher to the 0.7780 - 0.7800 area,before the top finally is in place, but it will just be a matter of time before it's in place. 

Duane
2014-05-26
Great job this week!! Wish that I had more capital to capitalize on all of your great calls! The ones that I have managed to catch have been extremely profitable. I really appreciate you sharing you v...
Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane
Thomas
2014-08-11
Sublime Counts!