This shows the present situation of USD/JPY. Green parallel zone is based upon the bottom line (101.35--76.31) and Pink one is an extended parallel zone (which upper line comes from 147.66). This week: Green zone top:107.01 (supportive) Black line (135.15--124.13--):109.08 (almost same as Fib.78.6% ret. of 110.08--105.18: which is 109.03) Pink zone...
FedEx Corp. hit the record High today, but it still goes higher ! IH&S target (TP 1) had already met at 149.92 area. Then next IH&S target (TP 2) will be up to 190.18. However it will have one more leg down (wave 4 correction ) will be possible before the Final climbing. Nikita FX (climbingfx.jugem.jp)
Russian President Putin said World Economy will be collapsed if Oil Price will be below $ 80. (Cf.: youtu.be ) However I would say that it will be declining down to TP 1 ( 71.51 ) at least. Because its Diagonal B-abcde was broken..... TP 2 (approx. 61.10) will be also possible and the worst case is Red Alt. (C ). On the other hand, Total wave (B ) is...
VIX Index's P&F bullish target is still 64.50. If this major-wedge breakout will be going, its target will be at 58.70 level at least. Exact 6 years long term wedge was just broken ! Cf: www.ncbi.nlm.nih.gov Cf: youtu.be As far as being above Daily MA50, VIX is climbing back again. Nikita FX (climbingfx.jugem.jp )
AUD/USD has just started its Diamond bullish Breakout after confirmation of a False Breakdown through the Pink Diamond Bottom Formation. My ET (estimate target) will be at least 0.9055. The price will be climbing along the Green Directional Future Line, I would say. Therefore USD Index will lose its power..... Nikita FX (climbingfx.jugem.jp)
USD/JPY is now straightly climbing up to wave B-a Top at 109.08. 109.08 is very close to the level of Fib.78.6% retracement (110.08--105.18) And also it is Fib. 61.8% projection with short term wave 3 (106.24--108.34) Then it would plunge into 106.10 area (wave B-b).... I would say that we will be able to see an exhaustion Gap Up on Monday. Be cautious with...
This is my realizable USD/JPY's wave image which will have a Diagonal ABC declining pattern. Wave B has a Diagonal abcde and its correction will continue up to 2015. Mar. Then we will see Final C declining. The target will be down to approx. 103.70 Alt. 3 wave will be climbing up to 159.54 (=103.70 + (110.08-75.57) x Fib.161.8%) Nikita FX (climbingfx.jugem.jp)
This is Final bearish call if Fib. 61.8% level (110.08--105.19) at 108.21 will be capped. Major-C wave is still possible. However it will be climbing up to IH&S target: 109.52 in case of breakout. We will have to see how it goes on..... Nikita FX (climbingfx.jugem.jp )
Russell 2000 used to be an advanced Index of US Stocks. Its IH&S target: 739.62 + 474.02=1213.64 had already met at 1213.55 ( only 0.09 shortage though). Therefore major-ABC wave was terminated with Green Circle Quartet Top which is a Fractal Quartet Top Formation as Yellow Circle one (top of wave A). Right now it looks like being supported at the Pink Line,...
This Chart shows how GBP/JPY reacted after Daily candle rejection (Oct. 15 & 16). You would say it was Failure breakdown with these two Channel zones, however it filled a Gap Up (of Oct. 20) and broken again 3rd Fan Line (since 125.66: 2012 Nov. 13) which is now at 172.22 (as of Oct. 21). If Oct. 21's closing level will be below the 3rd Fan Line, I would say...
GBP/JPY has broken its Daily Allgator's Lips (@171.68 as of Oct. 20). That's why it made a Gap Up in Oceania market on Oct. 20. However it is still within the Yellow descending channel which means GBP/JPY will be possibly plunging one more down to the crossing point between Yellow & Purple zones (@169.75 on Oct. 23). Then we will have to see which way will be the...
I would say that EUR/JPY may be finishing its upward moving since 94.10 due to the breakdown with the Yellow channel bottom. Since 145.68, a descending Pink channel zone was formed and it had already broken Yellow channel bottom (now at 137.12) Future price will be 128.35/40 level ( I will show you how it was calculated later....) Nikita FX (climbingfx.jugem.jp )
USD/JPY closed the weekend level below Alligator's Lips (MA 5 line: 107.47) which means it is still bearish. If Oct. 20's opening will be below 107.03 (Alligator's Lips), it will plunge again. If not, USD/JPY will be climbing up to Black Wolfe Line (107.71 on Oct. 20) or the level of Alligator's Teeth (MA 8 line ) The Red Arrow shows a Fractal Alligator...
I pointed out 2 long term Wolfe Lines (Purple & Pink lines) and mid term uptrend line (Black line). In addition to those, indicated the Yellow parallel channel. Well, NZD/USD had already broken abovementioned lines & channel bottom. Therefore it will be plunging one more, however it will go----(read my mail-magazine) from a long term view. Nikita FX...
I am assuming USD/JPY will be having this 7 swings declining (realizable ) pattern. wave 4 is going on since 105.19, and wave 5 looks like stopping at Wolfe Line (Black Line): which will be A bottom. B top won't be so long, then C wave (with sub-3 structure) will be coming later. Nikita FX (climbingfx.jugem.jp)
GBP/JPY had already achieved its breakdown with 2 parallel channel bottoms. 1st one is Purple channel zone. 2nd one is Green channel zone. Since 116.82, major-5 waves already topped out at 180.69. Since 180.69, wave-3 bottom had already met at 168.00. Since then wave-4 is going on which will retrace Fib.38.2% to 172.86. And then wave-5 is coming down to the Black...
S&P500, is this Green Channel bottom a good support ? Looks like.... However it is still on the way coming back to Pink Zone, I guess. In this time, a zone correction will be coming if the Green channel bottom will be broken. Nikita FX (climbingfx.jugem.jp)
I used to use this type of parallel structure in order to predict a possible Final target. In case of the recent major-reversal of USD/JPY, it should be helpfull. Therefore TP 1 will be at 102.27 (Green channel bottom ) and TP 2 will be at 100.12 (Purple channel bottom ). Look at the recent bottom (105.19) which is almost as same as 487 pips Drop of 103.72--98.85...