This recent near touch of the wave ii high has held allowing for an immediate down in wave v to complete the larger IV.
The X pattern requires breaking that high and the completed pattern requires strength up through the 28k range directly (lower prob).
Anyways, they're the patterns and end of month is on tap. The levels are generally of value.
Within this count, we're beginning wave iii of C of ii that should take us into the 60's again (61-62 preferably)
The larger issue remains the completion of this wave 2 that sets off the major sell move towards 20 and possibly as low as 12 eventually.
Internally, the wave iv can be complete though a last run to touch over 144 first would be a nice headspinner that this market loves to incorporate on a reasonably regular basis.
As long as the 144.50 zone holds price on the upside the focus is on completing the wave v of c of B before heading up in wave C of 2.
The move down to this 143.20 area forms a good ABC...
On the longer-term degree, price is nearing the end of Wave B before the large wave C higher takes over.
In the short-term the wave D leg looks for a final move up to complete, as long as the 111.80-112 level holds amongst this Theresa May nonsense. A break and we're looking at wave E already in progress as last leg of the triangle. An important day or two ahead...
The bottom of the Daily channel has been tested with the touch into 66 and whilst this is likely just a wave i of 1 of 5 of C....the overall count is holding up well. Only a monthly close over 80 WTI would change the count.
The next challenge after this bounce in wave ii of 1, is to break the 66 and more importantly the 63 level. A break of 63 can open a...
The larger structure is looking for an ABC up into the 144-175 range to complete the C wave eventually.
In the meantime look to be forming the wave v of c of D into 114.80-116 prior to wave E in the 111-108 range that would complete the larger wave B and look for a lot of strength as market heads deeper into 2019-2020 with prices up and through the 120-125...
The larger count is looking for 5 waves lower in wave C off the major high near 200.
An equality move in the wave C points to sub par, which would require some serious market moves, though there's an internal potential that targets around 136-134 that's a little more in mind presently.
On the shorter-term basis, price has some decisions to make in whether the...
A minimum for the wave B is in place, though this count still looks for two minor iv,v moves to complete the structure...either way the wave C of 2 comes into play as the midterms approach, and should see a good downside move towards the end of year in an impulsive structured wave C of 2.
In the larger degree picture, that wave 2 will be the last 2 of any real...
Descriptions and info on the chart; additionally multiple cyclical frequencies are suggesting the midterms are setting up long entries.
Basic target levels are on the chart with 24,174 the first main level of interest..., though conservative entries could even wait for breakout over the January high.
Many participants are still not interested in buying and are...
The Dollar has clearly started its larger agenda, with wave 1 of a very large degree iii of 3 (Very Bullish) nearing its completion.
On the lower degree level an internal wave iii of v looks to be complete with the iv starting.
A choppy wave iv and v should still be to come for the completion of the wave 1 which leads to the next main move being down in wave 2...
There's two competing counts that are viable, and whilst there's much to occur to eliminate one over the other, I'm siding with the wave 4 top and down in wave 5 to complete the larger pattern.
The alternate is reasonably cleanly marked in Blue.
The touch inside the previous degree wave i, required the count to change. Either it's proven that the bottom is already in and we're in wave iii of 1 of 3 higher already, Or, as this chart suggests, we're only now completing the larger degree wave 4 and starting wave 5 of C down into the final bottom.
The 93 and 95 levels are important ones to keep an eye on....
Price is yet to breakout of this latest congestion zone and allows for two competing counts.
The chart has the easiest description pictorially...with the WXY for the wave 4 of the major wave ii of 3/B bottom, Or, we already have the wave ii of 3/B bottom in place at the mid Feb low completion.
Both counts look for strong upside into 2019, just timing of...
I did have a very similar headline recently and whilst it was near the 4 high, this internal wave ii offers another potentially last one that covers both the micro and intermediate degree within the wave 5.
On the larger degree it's important to note this is wave 5 of wave ii of 3/C. Regardless of the 3 or C counts, they both suggest into 130+ in the next couple...
DXY is in the zone for a C wave completion of the larger wave 4 Triangle.
An Alternate count would have it as a Flat or developing expanded Flat. In either case wave 4's are designed to obfuscate and trivialize opinions...my suggestion is be flexible as this 4 should knock out the bulls and build bears by the time the wave 5 is complete in time for an important...
The Dollar DXY and DX are now down into at least the middle of this internal wave iii of v.
Whether there's an extra set of lower degree 3's and 4's to deal with is yet to be seen, however, the chart says it best.
The wave C of 4 is right into the target zones and unless punches through 91.01-20 zone I'll be looking lower in wave 5 of C of ii.
What follows is a powerful wave iii of 3 which should really test people's will by the time it's done.