AUD/USD reached 1.099 as Wave3]3)3.3 and retreated as Wave3]3)3.4 ). Next moves may be Wave3]3)3.5 UP to 1.124, and Wave3]3)4 which should be bigger than Wave3]3)2 and 4 .
Silver Supercycle Wave III) might have ended near $50 :eek: . Silver Supercycle Wave IV) may end near Fibonacci 38.2% retracement at $32 or Wave IV of a lesser degree and 50% retracement at $26 .
After Gold ends near $1600 , the DOWN move may end near Fibonacci 23.6% retracement / Wave 4) around $1300 or Fibonacci 38.2% retracement / Wave 4] around $1100 or Fibonacci 61.8% retracement / Wave II or IV around $750 :eek: .
We got our bigger correction as Wave 3]3)3.4 . But wave five is treacherous, sometimes it extends, sometimes it fails , sometimes it does not appear at all :eek: .
Wave 3]3)3.4 should end and AUD/USD should rebound from above the red line at 1.0758 , which is the top of Wave 3]3)3.1 , and go UP to 1.111 , or else, we have to recount it as Wave 3]3)4 , which can fall to 1.058 :eek: .
"Sell in May and go away" is 3 days old , and reaches the first support, there may be a rebound , Wave 3]3)3.3 or Wave Bc]5)5 . The former is usually accompanied by strong economic news , the latter is usually accompanied by euphoria and bipolar news :eek: .
We recounted, and AUD/USD falls to 1.061 near 1.058 target . If there is no rebound here, we may have to recount again as Wave 3]4) , which can fall to 1.025 :eek: .
Tomorrow is nonfarm report day, volatilities can be expected in Stock and forex markets. If SPX continues to fall till Monday, maybe itâs time to go long again.