AUDUSD - Wave E Analysis - End of Larger Wave 2 Est 2015

So if you saw my previous AUDUSD idea I laid out the large gumbo correction Wave 2 since 2015, if not see below.

Upon further inspection this Wave E does not look like an ending diagonal instead it looks like a basic 5 wave structure.

I need to be careful with the use of the term ending diagonal because to a hammer everything looks like a nail.

Wave 2 is expanded and Wave 4 is basic sideways.

The expected length of Wave 5 is made by taking Wave 1 and extending it up from the end of Wave 4 and it takes us directly to that line I spoke of in my previous idea.

Once this has occurred and Wave 4 of this Wave E is broken one could then use that as a sell signal and put a stop above the end of Wave 5. (Just an idea)

I will likely post an update on this when it happens.

Please LIKE and FOLLOW to get notification of updates and future posts.