Friday, May 29, 2009

USD/JPY

If the triangle scenario holds, this is wave D in the making. Wave Y is 2 times the size of wave W. There's also a nice fib extension after the wave A top, where wave c = 1.618 * wave a (but wave c could possibly not be finished yet).

Wednesday, May 27, 2009

Gold 4 hours

Here's a possibility for gold. Confidence is not very high because of the small wave X.



EDIT :

It's possible that wave c of Y is not yet finished and one more high is required like illustrated in the chart below.


Monday, May 25, 2009

Usd/Jpy

The triangle scenario is still possible as long as price remains above 93.54. Wave C of B has 2 waves down who are about the same size, this 100% fibonacci extension is acting as support and is pretty close to the 93.54 support.

Friday, May 8, 2009

Usd/Jpy

I'm starting to like the idea of a wave B triangle, followed by a short wave C ( 61.8% of A ? ). A flat is still possible aswell.