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As shown in the chart, if the triangle labeled B was wave B of a 2nd wave down, it fairly accurately predicted the current drop. A smaller bearish triangle may still be in the works to finish this decline to around 3,100. After wave C down, the decline should be finished and the trend should be up again. A subsequent 3rd wave up, if this is the case, should be spectacular.

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The wave structure from the high of 2137.2 in May through the peak of 2082.6 in December 2015 may have been the contracting triangle completing wave B up from the year 2009. The B wave would have been the second leg of the 4th wave down of Grand Supercycle degree which began with wave A down in the year 2000. The third leg, wave C down, may have started at the...

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Latest developments suggest that wave C of 4 (up) is still in progress and is now nearing the end of a component triangle fourth wave which seems intent on propelling price toward 1.16086. That level represents a .91257 retracement of the preceeding wave B (down) of 4. The percentage .91257 seems to be a recurring theme, at least within EURUSD, for which we might...

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The bearish triangle from March 2015 has been a 4th wave which is now complete. This has to be the final top of wave E, or it isn't wave E. It has ended just below the top of wave C of the triangle (1.3764), which is its theoretical maximum height. The post-triangle thrust measurement from the low of wave 3 suggests a target of 0.89.

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Considering my immediately bearish outlook on oil, I am analysing some petrol currencies to see if I could find justification in terms of Elliott Wave structure for corresponding declines in those vs. the currency in which oil is priced. I do find it with the NOK: Background: USD/NOK is rallying in a C wave of an upward ABC correction which began in 2008. The C...

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The Euro appears to be ending its 4th wave bearish triangle which began in March 2015. That triangle is so far indicating an ultimate target of $0.87+. I am expecting an initial thrust downward from the present rally peak (which I believe is the top of wave E, which is itself triangulating now and still has one minor wave up to be complete) to near $1.0562....

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USDJPY is in a wave 'c' down of the ABC decline that is correcting the rally from 2011-2015. Wave 'c' is the post-triangle thrust from wave 'b'. It has completed waves 1, 2, and 3 and is now nearing the end of wave 4. If wave 4 is a triangle, based on its present parameters it appears to be targeting down to at least near the 106 level for the 5th wave. The...

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I believe silver is heading down in wave B of a 4th wave from its peak of wave A at 15.928. The path to the targets is shown, but the timeframe is questionable.

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1743.4 Initial Downside Target. This will not represent the bottom, by any stretch of the imagination.

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WTI Crude Oil's Potential Next Drop to $12-13 It seems like a year since I last posted anything on oil. That was under my other account name AynCzubas. At the time I was forecasting a decline to below $30. Right now I see something quite remarkable, which is that WTI appears ready for another leg down, possibly to $12-13 per barrel. Triangles are the most...

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I don't think this is the big bull market finally taking off again. The wave structure is indicating to me that Bitcoin is still in correction mode, and a rally to about $435 (and not much beyond that, or at most limited in the range of $467 to $500) is the expected final leg upward of an 'e' wave which will give way to a decline to much lower levels than expected...

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On December 16th, when price was at 1.08-09, I began forecasting a rally in the Euro to two upper targets: 1.222 and 1.14119 . That forecast and my followup analysis are posted at On February 4th-5th, the wave B triangle did produce a rally which exceeded my first target, reaching 1.12448. By my count, that was the peak of the 3rd wave of wave C. That was...

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This is both an update to my wave count, based on the latest developments, and an attempt to provide a more concise picture of what I am forecasting. You may see my previous charts for S&P 500 for more in-depth explanation. Background Hypothesis: S&P 500 has been in its 4th wave of Grand Supercycle degree since the year 2000. This is an ABC correction. Wave A...

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Shanghai "A" Shares index appears to be declining from the mid-2015 high in a zigzag 5-3-5 correction. The current wave B appears to be ending as a triangle which, whether complete or not, is shaping up within parameters that would yield a downward thrust measurement for wave C equivalent to between 28.4 to 32.4% from the present level. Coincidentally, the level...

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Shanghai Class A Shares Index reflects that it may soon drop another 25-30% from present level, reflecting roughly 78.6% of the initial leg A down of the ABC correction that began in mid-2015. This is apparent from the triangular wave B, which, although not yet complete, is shaping up within parameters that imply such a downward post-triangle thrust measurement...

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The rise in the USD/CAD since July 2011 has been wave C of an ABC zigzag-type correction. The wave B was a triangle that gave rise to the majority of the rally of wave C, up until wave 3. The 5th wave has already developed 5 component waves, and even the 5th extended component wave appears to be complete with 5 subwaves. RSI divergence between the 3rd and 5th...

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Background : In May 2014, a bearish triangle which originated in 2008 concluded at 1.39938, and the thrust measurement therefrom suggested a minimum low of 1.04402 would follow. In March 2015, Euro concluded the thrust wave down to 1.04624, almost exactly as prescribed by the triangle. By my count, the thrust represents 3 waves down. Next, an upward 4th wave...

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Year 2000 marked an orthodox peak in the U.S. stock market, and that is more evident in inflation-adjusted terms. That peak was likely the 3rd wave of Grand Supercycle degree. The successive price action until now has been part of the 4th wave correction, which so far consists of developed waves A and B and is pending wave C. The bearish triangle, being wave B,...