Greetings Traders, It is a pleasure to reconnect with you following a brief break. Here is my EURCAD analysis. EURCAD ANALYSIS Taking a long-term view, it is apparent that the EURCAD has been experiencing an upward trend, as evidenced by its movement within an ascending channel. Notably, between April 17th and 26th, there was a substantial rally of...
Based on my analysis using Elliot wave theory, it appears that the NZDJPY is displaying a strong bearish trend. The wave patterns that I have observed across various timeframes suggest that the market is likely to experience a downward movement. Specifically, when examining the H1 chart on both intermediate and minor degrees, it appears that wave 3 (down) of a...
The USDCHF currency pair exhibits a marked bearish trend over the long and medium terms. In the short term, a clear bearish price action has been observed since March 21, characterized by a series of lower highs and lower lows. Analysis from the Elliott wave perspective suggests that the corrective wave 4 of the impulsive bearish move has been completed, and the...
CADJPY has been observed to be in a bullish trend that was initiated on the 24th of March. From the technical analysis, it appears that the pair has completed wave 1 and 3 of the impulsive move, with wave 3 delivering a considerable 280 pips gain. The wave 3 appears to have peaked on April 4th at 99.185, and since then, we have seen a decline in price, indicating...
Still awaiting additional price confirmation we are in Cycle wave C downward, but here is the current forecast if the current market top holds. My hourly program generated the usual waypoints based on historical data. Interestingly enough, Cycle wave A (the downward period between January – October 2022 was 1365 trading hours. Not to be outdone, Cycle wave B...
Strong chance Intermediate wave 4 ends tomorrow if Minor waves A and B are already completed. There is an off chance the marked wave A and B in yellow letters are only Minute waves 1 and 2 inside of wave A, however, the historical data was pretty adamant on Intermediate wave 4 only lasting around 2-4 days which makes the current chart setup very likely. Another...
Looks like Minor wave 3 ended a tad shy of 4136 and a few days late, but still on track overall. Minor wave 4 should only last 2-3 days with the bottom likely occurring by Thursday at the latest. It is possible Minute wave A inside of Minor wave 4 was completed today. Models are pointing to the bottom around 4176 based on historical Minor wave data. Minute wave C...
If Intermediate wave 1 is finally done, it was a few days late, but on target. Next forecast is for Intermediate wave 2 which should see the anticipated market decline over the next 5-12 days. This means the bottom should occur prior to May 2. As of now, Intermediate wave 1 was 23 days long. Waves ending in 2BC2 have been 20-50% the length of their first wave’s...
Following up on last week. Analysis said the short-term top would be 4 days according to most models. Outside chance of 9 or 11 days too. We never convincingly went down yet. The current top would be B's 9th full trading day. This would mean the CPI report may not be positive for the market as applied to the last analysis. We still need a drop of some days. A...
Testing for perceived location: SubMillennial wave: 1 Grand SuperCycle wave: 5 SuperCycle wave: 2 Cycle wave: B Primary wave: B Intermediate wave: B Location ID: 152BBB This is an update on the progress of Primary wave B. My last analysis ( ) projected Intermediate wave A (inside of Primary wave B) to bottom on December 22 which appears to be the case...
If we are in Cycle B, and if it began on October 13, then we are likely in Intermediate wave 2 right now. Intermediate wave 1 would have lasted 13 days and gained 420.21. Right now I have the market in Cycle wave B, Primary A, Intermediate 2, Minor C, Minute 3. A down day on Monday would likely confirm this position. Also, if we are in wave 3 there would likely...
This chart lays out the estimated Minor waves in Intermediate 5 as mentioned in my weekend analysis. These estimates place: The bottom of Minor 1 around 3601.23 today for a total wave 1 loss around 205.68; The top of Minor 2 around 3740.37 on October 12th for a gain around 139.77; The bottom of Minor 3 around 3474.12 on October 18th for a loss around 266.25; The...
Thinking we may have ended Minor wave 4 (yellow numbers) today with a strong jump. Expecting the GDP report to confirm for everyone we are in a recession tomorrow. The yellow lines are the historical quartiles for waves ending in 535, while the light blue lines are the same for waves ending in 35. The slightly longer lines are extensions of Intermediate wave 3...
We are unveiling our finals paths based on the completion of waves 1 and 2 inside of our suspected final downturn for 2022. We believe we are in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave A, Primary wave 5, Intermediate wave 3, Minor wave 3, and believe we may have completed Minute wave 4 at the close on Friday. Our next steps...
Wave 1 and Wave 3 appear to have settled in trend channels. Will wave 5 do the same? If so, Primary wave 4 should end within the next 3 days.
That is long in the short-term (until the Fed), short in the medium-term (until October), and long in the long-term (until next Spring). Through some creative analysis, I have us in Primary wave 4, Intermediate wave C, and Minor wave 2. I expect Minor wave 2 to end tomorrow, likely earlier in the day and then we begin Minor wave 3 up toward 3975. It may take 2-3...
INTERMEDIATE WAVE 1 We are potentially wrapping up Intermediate wave 1 and Minor wave 5 at the beginning of Primary wave C. We appear to have completed Minor wave 1 with a low by 12:30 on April 1. Minor wave 2 finished in the first hour of trading on April 5. Minor wave 3 bottom before 13:30 on April 6. Minor wave 4 may have ended today, during the final 30...
My patience is being tested right now. I am running out of possible days of length and price targets. I have the market in Sub-Millennial wave 1 (began June 1877), Grand SuperCycle wave 5 (began March 6, 2009), SuperCycle wave 3 (began March 23, 2020), Cycle wave 2 (began January 4, 2022), Primary wave B (began February 24, 2022), Intermediate wave C (began March...