Will white wave 4 stop at 38 % fibo or 50% fibo ? Then white wave 5 target 12400-12500. To break the 12500-12537 support, then the bear trend is totally in..
For those who wants to day trade counter trend usdjpy gives an opportunity of 200-300pips. But be cautious it s conter trend on red wave 2.....the reason why I publish this post with a LONG advice
All is in the picture : target 1.1480-1.1520 ;wave (5)/5/3
1.1480-1.1520 is the area where red wave 3 will end soon this week. Then we wil take 3-6 week - the summer - to develop red wave 4 targeting 1.1870-1.1970 area. Interesting moment will be september - oktober 2018 with a stong red wave 5.
Oil is going down in the coming years. New energies are now available as hydrogen for example. And there is plenty of oil...Price will plummet.
All is in the chart. It seems very pessimistic but the count is highly possible.
For the coming days week 13202 and 13601 resistance are major for the future development. We need to go down very fast and stay under this two resistance. Then if we break dow support of 1250-12550 we have a great certitude to develop the scenario you see on the chart. Patience we will know rapidly now.
USDCHF is entered in wave 3 targeting 1.2200-1.2500 in the coming months. For the moment usdchf is building strong foundation before a big acceleration in september / oktober 2018.
We are in wave II with a complex ABC - X - ABC - perhaps Im wrong but the target is 132 not speaking of the elliott wave development - For this reason GBPJPY is difficult to trade for the moment. Im waiting 135-132 zone to enter à long target 280 -300.
wave 5 blue in construction - target 125-127 in the coming months. Trade the trend : only up.
It s possible that Wave 2 is already in and that we are now in wave 3 for 2000 pips down.
Till eurusd will begin to collapse, usdjpy will synchronize and accelerate to 110.50-111.50