2 days ago I published a elliott wave count that shows that the AUDUSD won't stop at 95 and the chances were more in favor to a decline to 93.
The strong bounce from 0.9436, I think imply the posibility that the price is extending as well the 5th wave (in this case wave v) ), therefore we see the movement to the actual low more probable as wave i of v) and not the end of all wave v),
If this wave i) ends to be the most extended, the chances are even to a greater decline. And at least till 0.9317, as you can see (thinking that wave 1 will be as big as the movement from ii till v)
The strong bounce from 0.9436, I think imply the posibility that the price is extending as well the 5th wave (in this case wave v) ), therefore we see the movement to the actual low more probable as wave i of v) and not the end of all wave v),
If this wave i) ends to be the most extended, the chances are even to a greater decline. And at least till 0.9317, as you can see (thinking that wave 1 will be as big as the movement from ii till v)
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