WaveTrack International

Elliott Wave Financial Price Forecasting

US$ Index confirms Ending diagonal pattern!

by m.tamosauskas| June 12, 2013 | No Comments

11_$indx130607

The ending-expanding diagonal as minute wave c completed minor wave d. within a multi-year, range-trading triangle pattern. This suggests a downswing for the next months as wave e. of the triangle will unfold. Minute wave c subdivided into minuette degree, [i]-[ii]-[iii]-[iv]-[v], with wave [ii] retracing a fib. 85.4% ratio of wave [i] and wave [iv] about 50% of wave [iii]. A fib-correlative 61.8% ratio of wave [iii] added to the end of wave [iv] measures close to the achieved high of 8449, which adds evidence to a possible completion there.

Category: US$ Index

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