Ewj: elliott wave
- Thread starter mu200411
- Start date
Gold's MACD SELL Signal confirmed. There may be a rebound to MA(50) @ $1519 before going DOWN again 
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Silver's MACD gives second SELL Siganl. Silver rebounds from previous low, should continue to go DOWN soon .
US Dollar Index form a Wedge and MACD is poised for a SELL Signal .
Crude Oil completed five waves and rebounded to MA(200) @ 93.17, may have some resistance here, @ $95 and $97. MACD may show BUY Signal soon .
.Silver's MACD gives second SELL Siganl. Silver rebounds from previous low, should continue to go DOWN soon
.US Dollar Index form a Wedge and MACD is poised for a SELL Signal
. Crude Oil completed five waves and rebounded to MA(200) @ 93.17, may have some resistance here, @ $95 and $97. MACD may show BUY Signal soon
.All are UP 
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EUR/USD second 5-waves was follow by a third 5-waves which may send EUR/USD to 1.445 .
There may be 3-waves DOWN followed by 3 more 5-waves UP to 1.465 .
Brent followed EUR/USD closely, may go UP to $111.5, fall back to $108 then UP again to $117 .
Crude Oil after bizarre wave 1 show two 5-waves, may go UP to $94.1, fall back to $92.6 then UP again to $97 .
Gold may go UP to $1517 fall back to $1505 then UP again to $1531 .
Silver may go UP to $34.9 fall back to $34.2 then UP again to $35.8 .
.EUR/USD second 5-waves was follow by a third 5-waves which may send EUR/USD to 1.445
.There may be 3-waves DOWN followed by 3 more 5-waves UP to 1.465
.Brent followed EUR/USD closely, may go UP to $111.5, fall back to $108 then UP again to $117
.Crude Oil after bizarre wave 1 show two 5-waves, may go UP to $94.1, fall back to $92.6 then UP again to $97
.Gold may go UP to $1517 fall back to $1505 then UP again to $1531
.Silver may go UP to $34.9 fall back to $34.2 then UP again to $35.8
.On a closer look AUD/USD correction might have been completed :eek: .
If we count Wave 3]4)b.2 as an irregular correction, Wave .1 < .3 < .5 which is OK.
Wave 3]4) = 50% Wave 3]3) .
Wave 3]4)c = 61.8% Wave 3]4)a .
Wave 3]5)1.1 should end here at the resistance trendline and MA(50).
After Wave 3]5)1.2 the trendline and MA(50) breakout would confirm Wave 3]5)1.3 and AUD/USD should go UP to new high .
If we count Wave 3]4)b.2 as an irregular correction, Wave .1 < .3 < .5 which is OK.
Wave 3]4) = 50% Wave 3]3) .
Wave 3]4)c = 61.8% Wave 3]4)a .
Wave 3]5)1.1 should end here at the resistance trendline and MA(50).
After Wave 3]5)1.2 the trendline and MA(50) breakout would confirm Wave 3]5)1.3 and AUD/USD should go UP to new high
.EUR/USD went UP as high as 1.44479 then fall abruptly below Wave :5iv as Wave :a-:b-:c then rebounded as Wave :1i-ii 
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.Quote from mu200411:06-29-11 07:13 PM
All are UP
EUR/USD second 5-waves was follow by a third 5-waves which may send EUR/USD to 1.445
There may be 3-waves DOWN followed by 3 more 5-waves UP to 1.465
Brent went UP as high as 110.75 then fell .
Crude Oil went UP as high as $94.3 then fell .
.Crude Oil went UP as high as $94.3 then fell
.Quote from mu200411:06-29-11 07:13 PM
All are UP
Brent followed EUR/USD closely, may go UP to $111.5, fall back to $108 then UP again to $117
Crude Oil after bizarre wave 1 show two 5-waves, may go UP to $94.1, fall back to $92.6 then UP again to $97
Gold and Silver had wave five failure and miss upside target 
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Gold and Silver fell as expected to $1503 and $34.08, below targets
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If there is no "going UP again" to a higher high then these 3 5-waves may be a c-wave of some degree
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.Gold and Silver fell as expected to $1503 and $34.08, below targets
.If there is no "going UP again" to a higher high then these 3 5-waves may be a c-wave of some degree
.Quote from mu200411:06-29-11 07:13 PM
All are UP
Gold may go UP to $1517 fall back to $1505 then UP again to $1531
Silver may go UP to $34.9 fall back to $34.2 then UP again to $35.8
Those resistance levels do have some resistance as evident by the Shooting Stars and Dark Cloud Cover .
.Quote from mu200411:06-29-11 11:54 AM
Stock Indices rebound as expected
All are currently at resistance levels, namely "W" neckline, April 18's Low, May 25's Low, MA(50), etc. .
If the Indices get pass May 25's Low we may be in Wave V]V)I5]1)1.3
If not, the next lower low may be Wave V]V)I4]c)5
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