Ok scrap my last idea, we are looking at a 5 wave ending pattern in E.
Watching for a break of the trend line, The first sign of this would indicate a wave 1 so non-farm will create this and then quickly pullback and then retrace between 62-80% before continuing higher, how long that takes is anyone's guess.
It could be a quickly pullback or flame out and take...
I am back from a long refresher of wave recognition after developing a wave system, I had to perfect the art before continuing to post.
In the end it was my abilities and not the wave system, thankfully.
So the USD should resume its long term down trend from this point after completing the first couple of 1-2 1-2 waves.
The red line is...
Went and fixed my wave recognition abilities as something was clearly missing LOL ...now I am back.
Wave 2 correction looks complete so if you have any sense you should use the red lines as a stop and GO LONG!
Yes, that means EURUSD has bottomed.
This is where USD breaks out and the start of a very large move continues to explode higher.
-I was early in my previous call due to some funky wave formations but this is it.
Wave 3 of 3 of 3 being the strongest wave should see the USD put everything else in the dirt.
This is an update on my previous DOW idea with analysis, I thought I would elaborate after reading some funny comments on the previous DOW chart which is fair enough.
So the reason for my forecast is that I believe we are in a long term corrective pattern, an expanded zig zag which started in 1987.
So we have completed more than 50% percent of this pattern as...
When a market turns, it turns abruptly and it doesn't just look nice a corrective bunch of waves levitating in mid air.
We are on the way to 75,000 mega points on the Dow because that's just how crazy things can get sometimes and you shouldn't be surprised really.
This minor correction is almost done.
On my previous Oil chart I said the end of the trend is near, well this is the closer view and when this Wave 4 completes Wave 5 should see this thing higher.
A break of this trend line should signal the end of Wave 4 so keep an eye out for it.
When Wave 5 completes we should see an equally impulsive downward move which will be the beginning of the next trend...
Even the so called "Elliott Wave Experts" get it wrong constantly, just be aware that just because it looks like >>>5 Wave Move<<< does not mean it's the start of a new trend.
Don't be fooled into looking for a pull back to trade this higher unless you want to get tricked out of this because it will keep going down.
This happens to many Elliotticians even the...
If you have been following my previous charts you will know that I have been waiting for the Euro to decline in Wave 3 which inversely means USD will rally hard in wave 3, well it is time!
Euro will follow shortly and Gold has topped its minute wave 2, if you haven't seen my related idea please see below.
This breakout above the previous high is confirmation...
Just another zig zag within this still unfolding 4th wave correction, once this correction finishes we should see a top in this pair after the 5th wave completes.
I will post future updates on this pair.
Just an update on my previous EURUSD idea, Not looking at wave C anymore but rather the start of a rather large decline in Wave 3 of 3.
This was always my outlook however I realize now that Wave 2 had finished in Feb.
I'm expecting this decline to accelerate over the coming months.
Wave 4 hasn't even finished yet and a lot of people are losing their minds watching too many doomsday videos.
Let's just wait for at least Wave 5 to finish before thinking any kind of fall in this market is going to happen.