Mizuki32

Mizuki32

According to the double zigzag scenario, downtrend to 105 or lower is possible in 2018.

Mizuki32

According to double zigzag scenario, rebound to 115 is possible for the next month.

Mizuki32

Elliott wave analysis.

Mizuki32

Weekly chart:

Mizuki32

Description in the chart.

Mizuki32 Updated 

I would like to long "EURJPY" because the price is likely to make new high after consolidation. Technical analysis: 1) Price is moving in wave (C)-4 of flat correction (A)-(B)-(C). 2) Price displays alternation between subwaves 2 and 4. - subwave 2: sharp correction (more than 78.6% retracement of wave 1) - subwave 4: sideways correction (at least 23.6%...

Mizuki32 Updated 

I would like to long "USDJPY" because the price is likely to make new high after correction. After second half of the year, I will change my strategy from long to short. Analysis: 1) Price is moving in wave {B}-(C)-3. 2) Price shows alternation between subwaves 2 and 4. - subwave 2: sharp correction (more than 78.6% retracement of subwave 1) - subwave 4:...

Mizuki32 Updated 

Elliott wave analysis

Mizuki32

Description in the chart! Longer term outlook:

Mizuki32

From Elliott wave analysis, I guess {C}-(2)-B is ongoing right now. Slow Stochastic oscillator at overbought level suggest good opportunity to short. What I'm expecting is massive upmove by wave C after secondary test to 110 level. Longer term outlook:

Mizuki32

Main scenario is triangle formation. {D}-(X)-X or -Z is ongoing right now. For short-term trade, buying "EURUSD" looks like a good idea with profit target about 1.145 from measurement technique. In my last chart, I predicted bullish scenario making expanding ending diagonal for wave {C} and potential rally to 1.2. But, I guess this scenario might be negated...

Mizuki32 Updated 

3-3-5 flat correction since 24th June is still in progress. 19-day cycle hints bullish reversal will happen in a few days. 99.0-100.0 is strong buy zone. Happy trading!

Mizuki32

My bearish outlook for longer-term is maintained, but there's minor change from previous chart. - Zigzag ABC corrective wave is still in progress since Dec. 2014 top. - Formation of {A}-{B}-{C} is {impulse}-{expanded flat}-{ending diagonal}. - As for short-term, RSI Failure swings and MACD crossover give buy signal. - Short-term target: 121.3 (Fib retracement:...

Mizuki32

#Bearish scenario: - Big triangle ABCDE is ongoing since 13rd Mar. 2015. - Wave {D} would be zigzag or double zigzags. - If wave {D} is single zigzag, the correction by wave 2 of C is in progress. - If wave {D} is double zigzags, downward (Y) wave will start after the correction by wave (X) . - Target price is around 1.06 at the lower dotted line. - Invalidation...

Mizuki32

Nikkei is still in corrections since 2/2016. Bullish reversal soon. Turning point can be estimated from the concept of Taitou-Suchi (a part of Ichimoku's time theory). Confluence of two time cycles imply the bullish reversal will come soon. Upcoming price action can be three or five waves upmove by wave (C). The wave {X} is a flat or triangle pattern, I...

Mizuki32

There's minor change from my previous chart. Flat (A)-(B)-(C) correction could be done with wave 3 of (C) extended. "USDJPY" has already entered the correction phase, I hope. BOJ and FOMC will keep monetary policies unchanged next week. Market will not overreact to their decisions, I suppose. What I'm concerned about is EU referendum at 23rd June. If the UK leaves...

Mizuki32

"EURUSD" in triple zigzag wxyxz correction. Bullish reversal soon. Analysis: -Second wave (x) looks like a running flat. -The target of wave c in progress would be about 1.106 from wave equality: c=a. -The target of wave (z) (or wave {b}) would be about 1.18 around upper channel line. -This target price coincides with Fib 0.382 retracement of wave {a}. Good luck!

Mizuki32 Updated 

Analysis: 1) {a}-{b}-{c}: {impulse}-{combination}-{?} 2) (w)-(x)-(y): (expanded flat)-(combination)-(?) 3) Price hit Fib 1.382 extension: (x)=1.382(w) 4) RSI divergence Profit target: *) Fib retracement: {b}=0.382{a} *) Fib extension: (y)=(w) From Fibonacci clustering technique, 135.6 might be appropriate target.