AUD/USD Monthly Chart | Elliott Wave PrincipleAUSTRALIAN DOLLAR / U.S. DOLLARFX_IDC:AUDUSDMehdi_Abbasi_EWP A long-term structural review suggests that the decline from the all-time high can be interpreted as a completed five-wave impulsive decline. Following that move, the market developed a three-wave corrective structure, which, from an Elliott Wave perspective, may represent only a portion of a larger-degree corrective pattern. At this stage, it is still too early to assemble the entire puzzle. The roadmap presented on the chart should be viewed as a structural hypothesis based on the current wave development rather than a definitive forecast. What currently stands out is the most recent decline, which once again displays the characteristics of an impulsive five-wave sequence. If this interpretation remains valid, Elliott Wave Principle suggests that the market is more likely to transition into a three-wave corrective phase rather than continue directly in the same direction. For now, our primary focus is on monitoring the development of a three-wave correction. This correction may unfold as a classic Zigzag or another member of the three-wave corrective family. Should this corrective structure complete as expected, the probability of forming a larger-degree Zigzag would increase. However, it is still too early to draw firm conclusions, and the preferred scenario will continue to be evaluated as the wave structure evolves and new market evidence becomes available. At the current stage, the quality and internal structure of the upcoming correction are more important than the price itself, as they may provide valuable clues regarding the wave degree and the dominant market scenario. In Elliott Wave Principle, the objective is not to predict the future, but to interpret market structure and continuously adapt the analysis as price action unfolds. ✍️ Mr. Nobody 🎧 Patterns whisper. I listen. Australian Dollar / U.S. Dollar 1 hour ago Research & Educational | When Structure Speaks Before Price