Examples of some of our BIG CALLS!
There are times when the Elliott wave perspective provides a glimpse of the future with stunning accuracy!
Last week I sent out a free update to you guys which proposed a rally to a top for EURUSD, and a rally out of a correction to new highs for the DOW.
So far the decline in USDJPY is viewed as a corrective decline in wave ‘2’ pink.
The rise off the lows at 110.63 is best counted as a 5 wave structure.
Last nights wave count called for a decline in wave ‘c’
With the initial target set at 21436.
The DOW tumbled 200 points today and reached a low of 21465.
Last nights wave count called for a decline in wave ‘c’
With the initial target set at 21436.
The DOW tumbled 200 points today and reached a low of 21465.
On the 6th of June I published a piece called USDJPY on the verge of another big move.
At that time, the Elliott wave count was calling for another big rally in wave [iii] grey.
After this post was published, the DOW has rocketed higher, Showing that the Elliott wave perspective will reveal opportunity in the markets.
Also the wave count in GOLD revealed a turning point under way which would develop into a huge rally!
The technical situation has brightened somewhat over the last few days.
The 4hr RSI is on the verge of a buy signal, in the form of a centreline cross to the upside.
All the little signs are falling into place right now.
The Elliott wave count was clear, a large rally was about to occur in USDJPY, and the world was oblivious to it.
This is also the level projected for wave ‘c’ brown by the 161.8% extension of wave ‘a’ brown
So lets see if we get a complete five waves up off that low.
It could prove to be the low we have been waiting for.