Thanks for viewing.
I count 5 small waves up in wave b from 94.43 to 95.74 (of (b) (of B)). My view and we are now about half-way through an upward correction (wave (B) that is part of a larger ABC correction down. I will be watching for the end of wave (B) to not exceed 103.82. If that occurs I will expect wave (C) to the mid-80s.
If 103.82 isn't exceeded and we get a nice wave 1 and wave 2 in a 5 wave down-move, I will be buying JPY, AUD, GBP, NZD, gold, possibly platinum, and silver - for a ~12 month hold. I expect all of these currencies (at least vs the USD) and precious metals to get rather tightly squeezed for the rest of the year.
Summary, minor move down over the next month or so,
then, a larger strong move up (wave (c) of wave (B)) that should take us to the end of 2018,
afterwards, a much larger move down (wave (C) - into the mid-80s) in late 2018 early 2019.
The reason for my bearishness? Despite being a bear in general, I can't feasibly count anything other than 5 waves down from 103.82 to 88 meaning it is one half (slight less or slightly more) of a larger downward correction. Good luck everyone and feel free to throw me a like, some comments, or criticism (I am not too careful with my wave degrees).
I am not a professional, a financial adviser, an experienced FOREX trader, or anything other than an independent amateur contributor so please do your own research. Good luck everyone.
I count 5 small waves up in wave b from 94.43 to 95.74 (of (b) (of B)). My view and we are now about half-way through an upward correction (wave (B) that is part of a larger ABC correction down. I will be watching for the end of wave (B) to not exceed 103.82. If that occurs I will expect wave (C) to the mid-80s.
If 103.82 isn't exceeded and we get a nice wave 1 and wave 2 in a 5 wave down-move, I will be buying JPY, AUD, GBP, NZD, gold, possibly platinum, and silver - for a ~12 month hold. I expect all of these currencies (at least vs the USD) and precious metals to get rather tightly squeezed for the rest of the year.
Summary, minor move down over the next month or so,
then, a larger strong move up (wave (c) of wave (B)) that should take us to the end of 2018,
afterwards, a much larger move down (wave (C) - into the mid-80s) in late 2018 early 2019.
The reason for my bearishness? Despite being a bear in general, I can't feasibly count anything other than 5 waves down from 103.82 to 88 meaning it is one half (slight less or slightly more) of a larger downward correction. Good luck everyone and feel free to throw me a like, some comments, or criticism (I am not too careful with my wave degrees).
I am not a professional, a financial adviser, an experienced FOREX trader, or anything other than an independent amateur contributor so please do your own research. Good luck everyone.