Trading with Weis Wave with Speed Index

Trading with Weis Wave with Speed Index

24 June 2019, 00:31
Panagiotis Diamantopoulos
0
25

Is AUDUSD 1H keep going UP or Reverse on Fib? Let's read the market.

1. Highest volume wave of the last 13 days.

2. Fib Area 1 reached and found sellers SIs:21.9 and 21.8

3. First Bearish wave with volume, but

4. Fib Area 2 reached

5. Immediate bullish reaction on Fib Area 2 with similar volume as 3.

Therefore there are still buyers , most probably it will not respect the Fib Area 1 and will continue going up , but we need see it break the 61 Fib and watch the next waves (volumes and SIs)

to be continued....

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AUDUSD before


Forecasted Correct and we went up 40 pips above 61 Fib. We are in a dangerous area now - look left on your chart.

AUDUSD after

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