muhiuddin

muhiuddin

Someone request me to analyse Yen in short and long term. Here is my long term view. If we look at chart we can clearly see green five wave rally that finished on Jan, 2012 placing bottom. This five wave rally was sub wave of larger correction in red wave . Now we are in green wave B of red wave and the ideal target for green wave B is near 90.92 area before...

muhiuddin

As per Elliott wave rules and above count we are in blue wave iii of green wave Y. Green wave X start @ 1583 and formed zigzag in in three sub-wave red ABC which finish at 3602 placing Long Term Top there. The ideal target green wave Y is near 700-750 area or even lower where we will expect strong support and long term buyers enter the market to push up beyond...