Feb 8th – AUDUSD

From Yesterday: “7052 will need to hold if indeed a third wave is developing…”

7052 did hold and we can now label the advance from it as the first wave of a larger impulse. However, the internals of this first wave do not appear to be complete yet. 7052 remains as Critical Support.

Prof. Aldo Lagrutta is an awarded Certified Financial Technician from the International Federation of Technical Analysts and holds several financial market designations, including the coveted Certified Elliott Wave Analyst.

He is a also a member of the Society of Technical Analysis, holds the CFT’e and is a recipient of the Bronwen Wood Prize bestowed by the Society of Technical Analysis in London.

Prof. Aldo Lagrutta grew up as a music child prodigy and became the youngest Professor to teach in several universities and conservatories around the world. He performed for 2 decades as a concert guitarist in Europe, Africa, North and South America.