USD/CHF has finally achieved its long term wedge breakout, however it is still in initial wedge breakout as a choppy wave 4. So mid term view is bullish, but wave 4 will be up to below 1.1100 (1995 Mar. low ), then its Final descending wave 5 will come later. I think USD/CHF will be strongly bullish before 2017 Apr. (wedge closing zone) Nikita FX (climbingfx.jugem.jp )
I am assuming these two wave scenarios (A & B) with Nikkei 225 Index. It needs more consolidation until the end of Oct. A scenario: breakout pattern through the long term resistance line due to filling Gap 1 & 3 B scenario: breakdown pattern due to the long term resistance line (& maybe Gap 1 resistance) Cf: Gap 1=15485.02--15690.45 Gap...
GBP/JPY is approaching its 4th attempt (173.38 level ). If it fail its breakout, it start plunging deeply downside. However it will be moving up to 183.13 area at maximum, if it will breakout. Even if breakout will be done, there will be a risk of making Double Top. Nikita FX (climbingfx.jugem.jp )
GBP/USD is now possibly forming its parabolic Double Top, unless it will breakout the Fib. terminal. If Weekly closing point won't be able to breakout 1.6996, total ABCDE wave from wave 4 bottom will be finished. Then it may plunge into 1.6315 area later (and even far down to 1.5518). However it will be ascending into 1.7600 area if it will breakout the Fib....
USD/JPY is now very close to its Fib. parabolic terminal. If C-sub-c=C-sub-a, its target will be at 99.49 and be able to reach below 100.00 along the parabolic terminal within 4-5 days. (Jun 18/19) Nikita FX (climbingfx.jugem.jp )
EUR/JPY's actual Fib. Center was 137.62. Since then there were counting 5 parabolic terminal points: parabolic terminal 1:143.16 (Jan. 08) crash terminal: 136.22 (Feb. 04)--19 days later parabolic terminal 2:143.78 (Mar. 07)--23 days later parabolic terminal 3:143.47 (Apr. 02)--18 days later parabolic terminal 4:142.35 (May 08)--26 days later parabolic terminal...
EUR/JPY's Double Top neckline was broken, and its target: 136.14 has never been met yet. And it is now possibly forming mini-H&S RS (right shoulder; 139.35 area). Even if no possibility of mini-H&S, TP2 (target point 2) of mini-neckline breakdown will be at 135.96 Nikita FX (climbingfx.jugem.jp )
USD/JPY is now going to be under the 4 Resistance lines. Especially if being capped with resistance 3 line & Wolfe Line (which are now at 102.12 & 101.95 next week), it will plunge into 88.88/98 area until the end of this year. I am now turning into bearish view. Nikita FX (climbingfx.jugem.jp )
S&P500 had met its Fann Line resistance & long-term resistance (Pink ) line. I think it will plunge into 3rd Fann Line at 1656/65 in the week of July 28. Nikita FX (climbingfx.jugem.jp )
EUR/JPY is now under the long-term resistance line & Wolfe line 2. Both are resistance. On the other hand, mid term trend line & Wolfe Line 1 are still good support lines and cross into 133.72 on July 28w. However EUR/JPY is now very critical because it will breakdown through ex-wedge upper line (Phase into a bullish from a strongly bullish....) Therefore this...
S&P500's IH&S target was 1934.39. It had already been met. 666.79 + (1576.09 minus 666.79) x Fib. 1.382=1923.44 also had already been met. S&P500 had already completed a lot of technical targets. Do you still want to raise this index ? Nikita FX (climbingfx.jugem.jp )
S&P500 has already met with its two targets which are 1942.29 as 5-C top & 1944.65 as larger C top. And now the Price is almost reaching the long term upper resistance line (which is 1956.50 ). Therefore there will be a high probability of Fib. 23.6% total correction at least since 666.79 Nikita FX (climbingfx.jugem.jp )
GBP/JPY had already finished its ABCDE correction since 174.83. It was actually a Diagonal triangle, however I calculated its upward target with 584 pips (vertical width of parallel blown lines) at minimum. Therefore this coming upward target will be at 175.37. Nikita FX (climbingfx.jugem.jp )
GBP/USD was successfully had a bullish breakout recovery as far as it will be supported above the short term resistance line. Since the bottom 1.6692 NFP spike top:1.6844 was (a) top and (b) bottom was already 1.6780 after that. Therefore (c) top will be up to 1.6932 Nikita FX (climbingfx.jugem.jp )
I think I should go back to my original bullish scenario. Major-ascending ABCDE correction within a large size wedge had started since 103.74 Since 105.44 which was the latest top, Major-C ( consisting of 3 waves) had completed with a Fib. wedge terminal. Since then, Major-D has already started up to 107.02. This revised view will be invalidated if the price...
ECB's Grandmaster Draghi's incentive to strengthening market cycle extension. I should revise my wave scenario of EUR/JPY into bullish Diagonal correction. Currently it is now on wave D-c . If D-c = D-a , its target will be 140.68, however in the event of positive surprise with NFP, its target will be 141.31 at maximum. After decline of wave E, EUR/JPY will...
Nikkei 225 index is still in a descending Wave B ( nearly top of sub-c of B-abcde). The Red lines shows a descending channel which is consisting of Wave B. Long term Wolfe line had been already breakdown.... A big Wave C will come later. I am looking forward to decline of USD/JPY because CNY/JPY had already been broken with its uptrend. (cf; CNY/JPY ) Nikita FX...
USD/JPY's C-sub-3-3 has been negated because 102.36 was breakout. However it is still inside a triangle Formation. I think wave C-sub-2-ABCDE will be coming. Then C-sub-3 big downtrend wave will be coming later ( before July 21) There will be also alternate count: C-sub-2 expanded Flat pattern (up to 103.75) may be possible...... By the way C-sub-2-A top will be...