Decline from wave ((X)) at 87.33 is unfolding as a double correction ((w))-((x))-((y)) where wave ((w)) ended at 83.61, wave ((x)) ended at 85.11, and wave ((y)) of W is in progress towards 80.55 – 81.43 before a larger bounce in wave X and then lower again. Near term, wave (x) bounce is in progress […]

During the summer of 2015. EWF members knew that AUDJPY was in bearish cycle from the 97.255 high, that was looking for further decline toward our target area : 83.814-80.642.  AUDJPY has had one of the clearest structures during that period. Let’s take a quick look at Elliott Wave charts from the 27.July 2015. to […]

Decline from wave ((X)) at 8653.13 ended at 7667 as wave (W). From this level, wave (X) bounce unfolded as a double corrective structure WXY, where wave W ended at 7907.4, wave X ended at 7777.1, and wave Y of (X) ended at 8092.66. From this level, wave ((w)) is proposed complete at 7699.25, and wave ((x)) is in progress towards 7896.01 […]

Decline from wave ((X)) at 8653.13 ended at 7667 as wave (W). From this level, wave (X) bounce unfolded as a double corrective structure WXY, where wave W ended at 7907.4, wave X ended at 7777.1, and wave Y of (X) ended at 8092.66. The index has since resumed lower, and short term, wave ((w)) is expected to complete at 7662.68 […]