The Bank of Japan on Last Friday disappointed investors by offering a round much lower than expected extra while announcing a review of its current policy measures stimulus, leading some observers to wonder whether politicians fear that they are running out of tools to revive the Japanese economy. The Bank of Japan under the governor, […]

Preferred Elliott wave count suggests that decline from wave X at 79.57 is unfolding as a triple three where wave ((w)) ended at 77.6, wave ((x)) ended at 79.51, wave ((y)) ended at 77.4 and second wave ((x)) ended at 78.18. Wave ((z)) is in progress with the internal unfolding as a double three where wave (w) […]

AUDJPY while below 78.18 the pair is expected lower toward 76.17-75.36 area to complete wave (X) & end the cycle from 7/15 & while the dip shows it will remain above the 6/23 cycle lows we expect the pair turns higher in wave (Y) of ((X))

One of the most common structures in today’s market is the double correction, or sometimes called WXY. A double correction WXY is called a double zigzag if the subdivision of the W and the Y is in an ABC zigzag. Below is the general structure of a 7 swing WXY As can be seen from the graph above, the […]