Forgive me I am no good at drawing graphs, but I'm getting better. It looked like a Elliot wave when I first saw it reach (1) and then (2).
Wave C is going to be the last leg before it goes up bull again. Well have to see it short down to 122 before it jumps back up to 124~125 area. I would love to Long right now for 5 months down the line.
I'd give it another month of consolidation after this and another bull run in first half of September.
Too much action going on with the TPP, TPA.
Comments
XaviC
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hi nice chart
Shun-Jiru
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if you look at my other ideas you can see i haven't missed a prediction so far.... hope my luck stays with me.
IvanLabrie
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Agreed, looks like ABC down.
Nikkei falling as we speak.
Shun-Jiru
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I think it's going to stop at 122.60 before it jumps back... looks like we're consolidating. Here's my new prediction...
When it jumped up to 124.5 yesterday I was a little jolted, but now USD is dropping as predicted. This should be the last leg before it bounces back up. I wonder if it'll touch 122.30, we'll have to wait and see.