AUD/USD Daily Video, August 15, 2014

[Sive Morten]

Good morning,

let's take a look at AUD and discuss whether daily 3-Drive is still valid and why market has moved slightly higher recently:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[minimax]

hmhm...
my picture is slightly different..I read move down from 0,9504 as ZZ on weekly so I expect weekly swing high..here are 2 possibilities: 1. we stay in range sideways for 2 weeks more or 2. we exceed 0,93725 high, establish weekly swing high and turn down..
I agree there is more chances for new LL in whole pattern than the pattern is finised and we are on the way above 0,9504..