DOW in wave 5 Possible retracement to 0.618 to start wedge pattern This is similar for SP500 For very longterm chart, see: www.zerohedge.com
XAGUSD in ABC correction Trading wave B Long @ 15.40 ( 0.618 retracement )
DXY is in ABC correction The first wave A completed close 1.618 of the first upside movement Sell the dollar against other currencies (Silver, AUD) for 0.618 retracement around 84 In lower timeframe look for a retest of the high or a retracement (wave 2 or B)
XAGUSD is in correction ABC Buy @16.55 support is 4hr EMA(233) target 20
XAGUSD weekly chart It looks like silver could touch the big trendline again at $9 -10
EURUSD daily wave count EURUSD made 5 waves down from 1.40 to 1.045 It is currently trading wave c in correction There is a bullish cross of moving average on daily chart Today price reacted very close to trend channel, if it breaks above channel 1.1620, it could go up to 1.27. This would be wave B target 1.27 (0.618 fibo) or even a wave 2 going to 1.315 (0.764...
DXY Weekly chart DXY is in a correction structure The issue is if this correction is ABC or ABCDE It looks like a wedge, and trendline from previous highs is already broken The critical level is 91.7 the retest of this broken trendline If trendline holds, then the dollar will continue rally towards 164 But if price fails retest of this trendline, then the...
EURJPY short Option 1 Wait for retracement 50%, sell at 124 Option 2 Sell below 121.7 (wave 1) target 1 =119 (trendline) target 2=118 This is fibo 1.618 from 128 decline and fibo 2.618 from 141 decline it is also possible 119 is not respected and wave 3 goes directly 118 below, in that case wave 5 target would be 115
USDJPY wave count daily chart USDJPY is trading wave 2 in big cycle This wave 2, subdivides in ABC Wave A was from 125 to 116 Wave B was from 116 to 124 Wave C is currently trading, it would be subdivided in ABC also, wave A from 124 is near to be complete at 106, this is 5.0 fibo level from the first decline 124 to 120, and also the weekly EMA(233)...
Dollar index is in bearish mode since daily bearish cross of moving averages Support trend channel 90 weekly ema 88 multiyear trendline 83 Avoid any long USD trades against any other currency until dollar index founds support So, wedge in USDCAD, maybe it is not EURUSD also could continue higher Dollar index is trading wave 4, after support is found, it will...
GBPJPY daily chart wave count Currently trading wave 2 in monthly timeframe, this subdivided in daily ABC It is analog to the 1-2 wave made in 2012 before the rally In this correction wave A was completed from 196 to 180 wave B was from 180 to 189 wave C is unfolding in ABC .... this one wave A from 189 to 152, wave B is currently trading The question now is...
USDCAD close to finish wave A look for break up of wedge, target is 61.8% or previous wave 4