I am presenting a possible scenario of USDJPY correcting down to around 101.36. There is an assumption that the latest 5 waves up is actually part of a bigger correction instead of a new up cycle wave (in which case I will have to activate the alternate count which wasn't shown as it will mess up the chart too much). Why 101.36? Historically, it is a major...
Based on my Elliott Wave counts, Silver has recently completed a corrective 5 waves triangle on a Supercycle degree. The current move should be the start of a 3rd wave, meaning a strong move down. Stop-loss should be placed above the recent high of $16.895 in the event that my count is wrong.
Based on my Elliott Wave counts, Copper's fall should be ending. But there is still money on the table and it should be taken given that there is still a good 500 points (or 100 ticks in futures) to be harvested. Note that I have 2 parallel trendlines drawn using the recent highest 2 points and replicating it at the bottom. That will be where the take profit zone...
According to my Elliott Waves count, Sugar is going to fall strongly soon for a 3rd of a 5th of a supercycle correction. The stop will be above the recent high of $14.12.
I have been maintaining a very long-term count for S&P and if my count is correct, currently we are in the 4th wave of a 5th of a 5th. However, I believe in terms of duration, it is too short a time to have ended the correction. This the current up move (labeled W-X-Y) is actually a connecting "X" to a complex combination. What this means is that my bet will be on...
The chart is a bit of a mess due to the number of fibonacci extension lines. Take note that my primary count is that Bitcoin will go down. This has a fundamental bias as I have been advocating that it has turned into a dangerous hype, a mania. Look, it doesn't matter if Bitcoin really does serve a function or not, mania doesn't bother itself with it. However, a...