AUDUSD
Australian $ / US $ started a counter-trend decline from the July’11 high of 1.1083. It is taking the form of a triangle pattern with ultimate downside targets to 0.9733 that is scheduled to complete late 2012. The triangle is specifically a contracting/symmetrical type, labeled (A)-(B)-(C)-(D)-(E) in intermediate degree. Each wave is retracing about fib. […]Continue reading «AUDUSD»
Bund
Germany’s 10 year Euro Bund future is trading lower from the July ’12 high of 146.26 and its counter-trend pattern remains incomplete with more downside to come. Intermediate wave (5)’s advance from the June low of 139.72 is expected to unfold into a single zig zag pattern as the concluding sequence of a larger/aggregate ending […]Continue reading «Bund»
Euro / US$
Yesterday’s news flow created unique Elliott Wave pattern we would like to share with you. Last week’s high of 1.2390 has completed the 1st wave within an impulse advance – 2nd wave counter-trend was expected to decline measured to the fib. 61.8% support at 1.2174 prior to an acceleration upwards. The uniqueness of this down-swing […]Continue reading «Euro / US$»
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