EliteOtaku

EliteOtaku

Probably the end of monthly correction wave is ending, to confirm, UJ should drop under 109.3, 108.5 in this week and next.

EliteOtaku

If I was right, USDJPY should raise to 109.4 in this week or on 31st, the next key spiral calendar time window. We can find WXY and Y=0.618W, pay attention to where I marked the beginning of Y. If 109.4 R worked, we can expect USDJPY to drop and break 100 and 97.

EliteOtaku

I enter short on 1497 last night and hopefully this should be the beginning of week wave 4-Y-3. To confirm it, Gold should break 1490 on H1 first, then 1487 on H4, close under 1471 on daily(seems we better to hold short during weekend, I bet things would be smooth in UK. The vote would pass. My next spiral time window is 25th OCT so let us see what will happen then.

EliteOtaku

At least it will break 1440 and I prefer around 1424-27.

EliteOtaku

Gold failed to drop under 1490 last night and this bring us a possibility that week wave 3 is not over yet. Target 1605, SL 1488

EliteOtaku

1496 is the res of daily Ichimoku fast line. If it drop under 1490, it is a nice short signal. Target 1440 and 1425.

EliteOtaku

Gold seems want to bounce for last time, if it can hold friday's low and raise beyond 1492, then we can expect it to hit 1512 or 1535, I prefer 1512.X if the date is 16th. So let us wait and see.

EliteOtaku

As we can see, gold is raising from 1490 and we can take it for granted its target is 1535 and reverse. Look what we find, a perfect ABC corrective wave here, C ends around 1438, the point we focused on a long time ago. Thank you @salvanost, for enlightening me.

EliteOtaku

target 2804

EliteOtaku

Begin of C5

EliteOtaku

5 Fail

EliteOtaku

As title