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    JA
    jarek
    Rep: 94
    Posts: 3,474
    2
    (Edited )
    Can the recent high in February stay with us for quite longer than almost everybody is expecting at this point?

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    We may not know the answer to this question for some time to come, but in my opinion this is a viable alternative to consider!
    JA
    jarek
    Rep: 94
    Posts: 3,474
    2
    Last developments in JPY reminded me a chart from my old Elliott times, which I last saw couple of years ago:

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    I recall being sure then, that the count simply couldn't be correct. My thinking was: "How can a currency of such indebted nation strengthen so much that 1979 low would be taken out and yet alone the target for the move off the W4 triangle could be met?" I'm not so sure now...
    RA
    rat89
    Rep: 0
    Posts: 7,015
    1
    someone please correct me if I'm not applying this correctly....
    117.25 > 123.40 = 114.42 @ 1.46
    119.33 > 122.42 = 114.33 @ 2.618
    115.29 > 119.01 = 114.29 @ 1.27 of last swing

    seems as though there is a 13¢ target in the blue box?
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    TX
    tx_ches
    Rep: -10
    Posts: 514
    0
    My spreadsheet came up with the same results as you have, if that is what you are asking in regards to the 114.42 to 114.29 range.

    Originally posted by rat89

    someone please correct me if I'm not applying this correctly....
    117.25 > 123.40 = 114.42 @ 1.46
    119.33 > 122.42 = 114.33 @ 2.618
    115.29 > 119.01 = 114.29 @ 1.27 of last swing

    seems as though there is a 13¢ target in the blue box?

    TX
    tx_ches
    Rep: -10
    Posts: 514
    0
    If you go lower and do the retrace from 114.92 to the high, you get 114.39 at 1.063.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    thanks tx

    Originally posted by tx_ches

    If you go lower and do the retrace from 114.92 to the high, you get 114.39 at 1.063.
    RO
    roofer
    Rep: 3,689
    Posts: 3,574
    2
    Click image for original size

    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
    2
    (Edited )
    It goes all the way back to my projected top and turns at .886 on a gap day??

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    JA
    jarek
    Rep: 94
    Posts: 3,474
    1
    Nope - just a game to suck in those betting on it...
    JA
    jarek
    Rep: 94
    Posts: 3,474
    2
    This upper ML in Crude is still powerful:

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    It's like a path of burning coal - you need either to accelerate or jump over it
    RO
    roofer
    Rep: 3,689
    Posts: 3,574
    3
    sometimes the pieces do not fit and i just have to accept what is....if we have an extreme breadth thrust today, then combined with this chart,i would have to say bottom in and up for a few months...
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    RA
    rat89
    Rep: 0
    Posts: 7,015
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    you mean white bg vs blue? interesting...

    Originally posted by tx_ches

    rat89,
    I like the color contrast on your last charts -easier on my eyes.