Wave5
AUDUSD ForecastFurther upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction.
The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
TIPCO Completed Rounded Bottom Wave 4 Towards Wave 5 CompletionAccumulation which started since 2021 is come to completion with the completed rounded bottom. Market is trading above the Year Open and have been consistently edging higher on a series of Higher Lows weekly candles. Bullish above 9.50 towards 11.5 (4 years High), breaking which will open further rise to 12.4/5.
A daily/weekly close below 9.30 will invalidate the bullish idea.
USDJPY Bullish Trend ContinuesPrice is trading in a bullish direction as an impulse move, the 1-2-3-4-5 sequence is close to completing we just have to wait for the wave 5 make a new high. The are scenarios where wave five fails to make new high this scenario is called Truncation. The waves 1 and 4 are not overlapped making this a valid impulse pattern the wave 4 is completed and we seeing price make the wave 5 first leg we will continue moving in the bullish direction.
ES Looking For Support Near 3920 - Then LIFTOFFPay attention. Today will likely be a large range bar - possibly with a deep low near 3920.
My SPY cycle patterns call today a "Major CRUSH". That means we could see a very large price range today.
Combined with other SPY Cycle patterns, I believe the ES will attempt to establish a base/bottom - retesting recent lows.
As we move into 2023, be aware that cycle trends have shifted. We are entering a Wave-5 bullish price trend.
This Wave-5 trend may not result in new all-time highs this year, but we should see a solid recovery/reversion back to the upside.
There are still risks related to the global banking/credit system, so stay cautious of crisis events.
Follow my research. Pay attention to the clear market data - not the perma-bears that continue to tell you a "major crash" is about to happen.
After today, we move into more bullish consolidation as Earnings start to hit.






















