[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Hello everyone!
Finally got an internet connection, the joys of camping!
I have updated the short term charts after the early weeks action, so far so good on EURUSD and GBPUSD. USDJPY is giving renewed signs of life and is setting up for a larger degree rally to begin over the next few weeks.
The DOW has been updated to show a possible decline at three degrees of trend, this is one to watch.
And GOLD has made a surge in a possible wave ‘3’ of ‘iii’ scenario.
I will update again possibly Thursday evening as circumstances allow!
And of course, Normal service resumes on Monday the 4th.
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EURUSD
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: long term bearish
Wave Structure: downward impulse wave
Long term wave count: lower in wave (3) red[/vc_column_text][/vc_column][/vc_row]
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GBPUSD
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: short below parity in wave (5).
Wave Structure: continuing impulsive structure to the downside in wave (5)
Long term wave count: decline in wave (5) blue, below parity[/vc_column_text][/vc_column][/vc_row]
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USDJPY
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is beginning, upside to above 136.00[/vc_column_text][/vc_column][/vc_row]
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DOW JONES INDUSTRIALS
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: market topping process ongoing
Wave Structure: Impulsive 5 wave structure, possibly topping in an all time high.
Long term wave count: Topped in wave (5) possible bear market beginning.[/vc_column_text][/vc_column][/vc_row]
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GOLD
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: Long towards 1550
Wave Structure: ZigZag correction to the upside.
Long term wave count: Topping in wave (B) at 1550[/vc_column_text][/vc_column][/vc_row]
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