stanchiam

stanchiam

dollar index suggest it is inside a triangle and another major move lower is in the making, ie wave d the hype now is QE tapering and usd "very bullish", what has changed? nothing, usa still in huge debt(how many trillions? 4 coming to 5?) and still printing money only slower, does not mean the printing machine will not restart at high gear in the future. Rising...

stanchiam

this say it all i.imgur.com

stanchiam

crap aussie gdp data 2.3% versus 2.6% expected, was expecting higher but that crap data spoiled the plan now back to the triangle idea, as triangle is either in wave b or iv, this move down will be terminal and then expect a reversal after that just perfect on those bears joining short upon see the crap data and get caught in the up move instead not knowing au...

stanchiam

am expecting a 5 wave up to complete wave C up for gold a break above the wedge will be a strong clue to go long

stanchiam

Do not rule out usd weakening much more into the future, only a daily close above 81.5 will suggest a low is in, else short term will be under stress

stanchiam

clear 5 wave up in short term time frame, plenty of pips to get from, shorting it around 1.469

stanchiam

refer here i.imgur.com still possible for gu to rise further after some correction, below 1.5717 will conclude that top is in

stanchiam

As uncertainty still lingers with usd deficit constantly growing with the FED QE, usd will continue to be under pressure. However as it become clear that usa hit 7% employment and economy growing, FED finally feel confident enough to stop the QE. The hawkish outlook then translated into a few years of usd growth

stanchiam

good luck to bulls and weak bears, its down town julie brown

stanchiam

imho, the internal is of 3 waves, as with the guideline, 3 waves mean it is an ending diagonal and clear 5 internal waves is leading diagonal so for now, i am taking a view this is an ED with bullish bias only a break of 84.7 will confirm this view but a break above the wedge will be encouraging will like to see a clear 5 mini wave to the upside to kick start and...

stanchiam

could be in for a long ride down if this bearish scenario play out

stanchiam

Since the 1 Aug post which got the top spot on, price had drop below 1.32 before another test of 1.33 Am expecting 1.325 to be the bull bear line, if price managed to hold the top and 1.325 give way then bears should be in control

stanchiam

expecting it to fall towards 1.31 region, it has potential to fall below 1.275

stanchiam

the community is all looking for new low to complete the wave e of B However there is a possibility that it is already completed earlier with a truncated wave highlighted in the chart what we are having now is a running/expanded flat correction wave 2 of C but as truncated waves are rare, this count should be discounted

stanchiam

could be a classic abcde corrective wave B, if so we can expect higher dollar where the B end depend where the wave c 5 wave end in common expanded flat abc, the c most of the time will end beyond start of a in rare cases, wave c fall short in what we call running flat, reason for such occurrence is due to market going too one sided. Good luck and happy piping....