1, It’s a monthly 5 wave from 2011, I believe in 7 waves too but this is a 5 wave with divergence.
2, Because it’s a 5, I’ll use some tools for measuring 4th. wave and 5th. wave from monthly weekly and daily.
3, Now, we’re at monthly wave 3rd. of 3rd. and in a minor wave 5th. which means we have an ending diagnose.
4, An ending diagnose is a 5 wave with 4th. wave overlaping the 1st. wave.
5, If 5th. wave is an 1.618 wave 4 (pattern believers have a trend change area.) target is about 12467.
6, If 5th. wave is equal to the 1st. wave we’’ve passed that target already.
7, If 5th. wave is a 0.618- 0.764 area from 1st. to 4th. we have 12743- 13005.
8, So the monthly 3rd.wave target is 12400- 12743 area considering it' a huge move, profits taking begins from 12345.
9, Only FRB rises rates 0.25% in Nov. 2015 will trigger this scienario. After that a monthly 4th. wave is underway.
" After I did a simple maths, then I realized that if we started from 0.5% with a mid- value 1.375% then we will have a USdollar 2.25% intersts before Dec. 2016. "
I have to say, sometimes my analysis is surprising myself, just like this one. I'm still a apprentice for EW wave, I have a lot to learn.