Ewj: elliott wave

[mu200411]

I'm afraid that "there is a small probability of Black Monday" :eek: .
Fractal Head and Shoulders patterns at the end of Wave 3]2) .
Otherwise if other indices follow the lead of NASDAQ to confirm "W" patterns ,
this may be Wave III1]1)1 .

 

[mu200411]

Due to the size of the last rebound, the false break should be labeled as Wave V]IV)C3]1)5.5.
The rebound or Wave V]IV)C3]2) has retraced 50% of Wave V]IV)C3]1) and is at top of Wave V]IV)C2]a).
There may be a set back as Wave 3]2)a or a crash as Wave 3]3) Black Monday .
Note: Triple Head and Shoulders patterns Fractals.

 

[mu200411]

If the third Head and Shoulders is confirmed ,
the fourth Head and Shoulders may be confirmed too :eek: .

 

[mu200411]

EUR/USD's Wave 4) near end of Wave 4 and Wave 1) .
Next may be Wave 5) DOWN to 1.25 :eek: .

 

[mu200411]

$USD's Wave 4) near ends of Wave 3)2 and Wave 1).
Next may be Wave 5) UP to 83.5 .
Note reverse Head and Shoulders pattern.

 

[mu200411]

Crude Oil's Wave V]IV)C3]4)c may end here at resistance trendline,
or near $90 at end of Wave V]IV)C3]1).
Next may be Wave V]IV)C3]5) DOWN to $66 or $62 .
A rebound to $105 would be Wave V]IV)Cd] .

 

[mu200411]

Gold's Wave IVc]4) near 50% retracement and end of Wave IV]a].
Next may be Wave IVc]5) DOWN to $1400 .

 

[mu200411]

Silver's Wave IVc]4) near 38.2% retracement and end of Wave IVb]b).
Next may be Wave IVc]5) DOWN to $23 :eek: .
Note Head and Shoulders pattern.

 

[mu200411]

It looks like AUD/USD Wave III1] doesn't want to end.
Now at resistance trendline and end of Wave IIa].
Next may be Wave III2] DOWN to 1.01 or 0.99 .
Note Head and Shoulders pattern.

 

[mu200411]

TRAN's would be the most typical Head and Shoulders pattern .
If there is one .