In April 2013 Jeff Kennedy of Elliott Wave Institute offered his "Dramatic Forecast Using Elliott and Fibonacci Guidelines" in USDJPY as part of his Elliott Wave Junctures educational podcasts. We have recreated his quarterly JPYUSD chart up to date to verify his predict and to follow up.
Jeff''s forecast was realised spot on precisely 2 years later, in April 2015.
We have now got a completed ABCD pattern which begs a 61.8 correction to ca. 125 over the course of the next 2-3 years.
Note: Inverted log scale of USDJPY.
Jeff''s forecast was realised spot on precisely 2 years later, in April 2015.
We have now got a completed ABCD pattern which begs a 61.8 correction to ca. 125 over the course of the next 2-3 years.
Note: Inverted log scale of USDJPY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.