Wave (4) is thought complete now while above 2.57%  we expect another high to 2.72 – 2.74% to complete wave (( v )) of 1. If the reaction after completion of current cycle turns out to be impulsive, that would favour the ALT view which is that of a FLAT wave X. We don’t like […]

USDJPY sideways consolidation continues which surely has the look of  a triangle. It remains to be seen what sort of a triangle it would prove to be. Our strategy remains unchanged to buy the dips in 3, 7 or 11 swings [jwplayer mediaid=”129356″]

Wave (( b )) is in place at 1.4510. Wave ( a ) appears to be a 5 wave move. Expect a corrective pullback toward 1.4581 – 1.4602 from where the pair should turn higher toward 1.4770 to complete a 7 swing structure up from 1.4371 low.  Hourly cycles are positive so we don’t like […]

Oil has dropped to new lows below 95.93 further confirming the idea that 98.87 was the end of wave B. Expect a test of 93.20 – 93.50 to  complete wave (( a )) before Oil pulls back in wave (( b )) and trades lower toward 91.25 to complete wave (( X )). Hourly cycles […]