Please see my last post from August 9 - 2013 here first:
http://theelliottwavesufer.blogspot.dk/2013/08/elliott-wave-analysis-of-dji-eurusd-and.html
We did see a shallow kind of flat correction. It was not quite as expected, but the overall assumption was correct and we are now in wave 5 higher from 118.77. The ideal target for this wave 5 will be where wave 5 is 61.8% of the distance traveled from the bottom of wave 1 (118.77) to the top of wave 3 (156.78) added to the bottom of wave 4 (147.58), which will leave us with a target at 171.07, so we should be close to a possible top.
Short term we should expect support at 165.79 to hold for one more rally higher towards 171.07. A break below 165.79 will indicate, that wave 5 is already in place for a correction towards at least 158.77 and possibly even lower towards 151.13 before higher again.
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