Ewj: elliott wave
- Thread starter mu200411
- Start date
AUD/USD shows some interesting fractal and fibonacci patterns 
.
The 1]-2]-3]1)-3]2)-3]3)1-3]3)2-3]3)3.1-3]3)3.2 pattern
.
If this is the case there may another move UP to 1.085,
unless some central banks intervene again,
in which case the fractal pattern may turn out to be a
1]-2]-3]-4]-3)-4)-3-4-.3-.4-:3-:4-:5
.
And the AUD/USD UP move will end :eek: .
Fibonacci relationships.
3]1) = .618 x 1],
3]3)1 = .5 x 3]1),
3]3)3.1 may be .382, .5 or .618 x 3]3)1 .
.The 1]-2]-3]1)-3]2)-3]3)1-3]3)2-3]3)3.1-3]3)3.2 pattern
.If this is the case there may another move UP to 1.085,
unless some central banks intervene again,
in which case the fractal pattern may turn out to be a
1]-2]-3]-4]-3)-4)-3-4-.3-.4-:3-:4-:5
.And the AUD/USD UP move will end :eek: .
Fibonacci relationships.
3]1) = .618 x 1],
3]3)1 = .5 x 3]1),
3]3)3.1 may be .382, .5 or .618 x 3]3)1
.Gold interesting Fibonacci and Measured Move patterns .
Gold peaks have 100, 261.8, 423.6% relationships .
This last high is at 161.8% relationship with Cycle I peak .
There may be a correction of Cycle degree in the near future .
The Measured Moves forecast a crash somewhere between $1520 and $1600 .
.Gold peaks have 100, 261.8, 423.6% relationships
.This last high is at 161.8% relationship with Cycle I peak
.There may be a correction of Cycle degree in the near future
.The Measured Moves forecast a crash somewhere between $1520 and $1600
.While NASDAQ and TRAN flirt with 2008 high ,
INDU, SPX and UTIL come close to Fibonacci resistance level, i.e., 76.4%, 76.4% and 50% retracement ,
at the time when Dollar Index has just broken below previous low on 5]5)5.5:5v.v:v wave count :eek: .
If Dollar Index begins to move UP, what will happend to the Indices .
Note: DOI has inverse relationship with the Indices since 2003
.
, INDU, SPX and UTIL come close to Fibonacci resistance level, i.e., 76.4%, 76.4% and 50% retracement
,at the time when Dollar Index has just broken below previous low on 5]5)5.5:5v.v:v wave count :eek: .
If Dollar Index begins to move UP, what will happend to the Indices
.Note: DOI has inverse relationship with the Indices since 2003
.Investopedia explains U.S. Dollar Index - USDX
Currently, this index is calculated by factoring in the exchange rates of six major world currencies: the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. This index started in 1973 with a base of 100 and is relative to this base. This means that a value of 120 would suggest that the U.S. dollar experienced a 20% increase in value over the time period.
It is possible to incorporate futures or options strategies on the USDX. These financial products currently trade on the New York Board Of Trade.
http://www.investopedia.com/terms/u/usdx.asp
https://www.theice.com/homepage.jhtml
Currently, this index is calculated by factoring in the exchange rates of six major world currencies: the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. This index started in 1973 with a base of 100 and is relative to this base. This means that a value of 120 would suggest that the U.S. dollar experienced a 20% increase in value over the time period.
It is possible to incorporate futures or options strategies on the USDX. These financial products currently trade on the New York Board Of Trade.
http://www.investopedia.com/terms/u/usdx.asp
https://www.theice.com/homepage.jhtml
Although Gold measured move is $1520 ,
A Cycle top at $1518 is OK for me .
Crude Oil can go UP pass the high of $113.50 to $120 while Dollar index is rising :eek: .
Dollar index shows three same-level lows, this may turn into a Triple Bottom .
Note:
Real inflation is caused by too hot economy which is evident by higher wages.
Increasing prices without higher wages is a virtual inflation which is caused by the perception of the value of Dollar to be low.
When people realize their misperceptions that value other currencies too high, Dollar will regain its value, and prices will come down .
Otherwise if people has just realized that they have been valuing the Dollar too high since WWII, the Dollar will continue to go lower .
,A Cycle top at $1518 is OK for me
.Crude Oil can go UP pass the high of $113.50 to $120 while Dollar index is rising :eek: .
Dollar index shows three same-level lows, this may turn into a Triple Bottom
.Note:
Real inflation is caused by too hot economy which is evident by higher wages.
Increasing prices without higher wages is a virtual inflation which is caused by the perception of the value of Dollar to be low.
When people realize their misperceptions that value other currencies too high, Dollar will regain its value, and prices will come down
.Otherwise if people has just realized that they have been valuing the Dollar too high since WWII, the Dollar will continue to go lower
.