AUDUSD Wave (C) Zig-Zag Pattern Sell-Off
Price has been trading in an impulse phase only now we are starting to trade bearish as a potential A-B-C Zig-Zag correction pattern. We are now at a wave (C) phase, we will see a potential strong sell-off from price. We know that wave (A) and (C) are often equal so we can use that idea to set target profits for a wave (C). The corrective phase for a wave (B) seems to be now complete so we will potentially see the next drop.
