AU is in a corrective wave 2 period at the moment and just retraced the previous impulse down by 38.2%.
If the corrective period doesn't become an impulse Wave down to form a wave 3, I expect price to form a flat, as demonstrated through the arrows on the chart.
The predicted move is an A=C Pattern, where wave B retraces 61.8% to 100%+ of wave A, and Wave C is the same size of wave A.
If the corrective period doesn't become an impulse Wave down to form a wave 3, I expect price to form a flat, as demonstrated through the arrows on the chart.
The predicted move is an A=C Pattern, where wave B retraces 61.8% to 100%+ of wave A, and Wave C is the same size of wave A.