NeowHouston

NeowHouston

The impulsive parish wave that occurred in August 2024, originating from the 208.00 area, signals the beginning of long time corrective phase. Crucially, the red dashed line at204.00 area should hold for the next 5 years, with a potential retest of 2020 high at the 143.00 zone. In the shorter term, correction wave appears to have concluded at the 50%...

NeowHouston

The AUD/USD appears to be completing a NewWave Diametric correction structure, with price retracing to the .75 % Fibonacci based level. If this interpretation holds, the pair could rally toward the 1.161% Fibonacci extension level at 0.9500

NeowHouston

According to my count, the USD/JPY bull market that began in January 2021 appears to have come to an end. If this assessment is correct, we can expect to see USD/JPY test the 2023 lows around 127.00 area.