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 […]

Preferred Elliott wave count suggests that move up from 1.2828 low is proposed to be unfolding as a triple three structure where wave ((w)) ended at 1.3139, wave ((x)) ended at 1.2859 and wave ((y)) ended at 1.3253. Second wave ((x)) pullback is in progress to correct the cycle from 7/15 (1.2859) low towards 1.301 – 1.3056 area before turning […]

Expanded Flat is a 3 wave corrective pattern which could often be seen in the market nowadays. Inner subdivision is labeled as A,B,C , with inner 3,3,5 structure. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Third wave C is always 5 waves structure, either motive […]

Preferred Elliott wave count suggests that move up from 1.2828 low is proposed to be unfolding as a triple three structure. 1.2828 where wave ((w)) ended at 1.3139, wave ((x)) ended at 1.28579 and wave ((y)) higher is now in progress towards 1.3261 – 1.3317 area before pair pulls back lower in 2nd wave ((x)) to […]

Short term Elliottwave structure suggests rally from 7/11 low is unfolding as a double correction where wave W ended at 1.763 and wave X pullback ended at 1.731. From there, pair resumes rally where wave ((w)) ended at 1.777 and while pair stays below there in the near term, pair has scope to do another leg lower in (y) […]