EUR/USD - After blue wave 3 ended at 1.2286 blue wave 4 has been ongoing. I do believe we have seen the first part of blue wave 4 from 1.2286 to 1.2542 (blue wave a in some kind of flat correction)
Blue wave b will most likely end near 1.2286, the beginning of the start of blue wave a. From near 1.2286 we should see on last rally higher to just above 1.2542, setting the stage for blue wave 5 down to at least 1.2156, but likely 1.1897.
USD/JPY - Evidence begins to mount, that we saw the low of the triple Zig-Zag correction from 84.17 at 77.65. If we have seen the end of wave 2 we should see the first impulsive rally of 77.65 end in the 79.15 - 79.50 area, from where a correction towards the 78.35 - 78.57 area should be seen.
Dow Jones Industrial Index - Is in a minor wave ii, which could reach the 12,203 - 12,258 area, before the next impulsive decline below 12,035 is seen. In my view we are only in the early part of wave 3 down and the point of recognition should soon be seen, with a powerful decline.
Natural Gas - It seems as wave 2 ended a few pips above my ideal target near 2.20. If a new impulsive rally have begun we should soon see a break above 2.50 as the first good indication for a new rally towards 3,70 in wave 3.
A fairly good bump above your 12,250 target today, does this change your short term outlook?, and what upside/downside targets by the end of June as a point of time reference.
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