Looking for AU bounce to continue into my shorting zones. I think it has one more dip yet before any serious recovery is possible. Either that or I am wrong and it will get past by higher red zone (but I am very doubtful).
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AU shorts fired, first salvo Almost touched resistance, and there was some ''not good'' econ news. So hopefully that will start wave 5
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Second short added
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Well, after some chop we finally to a significantly lower low I still think the next next leg down is plausible. The above snap shows an ABCDE currently formed, and then a DUPLICATE of that abcde is what I have plotted. That seams to fit the zones perfectly. Lets see how it goes.