Ewj: elliott wave

$USD stayed in Wave .3:4 way too long.
Next may be Wave .3:5 to 82.0 or 83.1 .

 

AUD/USD moved as a nice five waves UP for 6 months with no new low.
Wave IIc]5) might have ended.
Wave III1]3) may go UP to 1.02 .

 

Gold may go UP as Wave 3)3 to $1390 soon.

 

Silver didn't go DOWN as low as expected.
Wave V]V)IVc]5) might have been a wave five failure.
Next may be Wave V]V)V1]1)3 UP to $22.85 .
If not Wave V]V)IVc]5) may continue DOWN to $16 or $14.65 .

 

A strong rebound, so INDU should be in Wave 5)5.

 

SPX in Wave 5.5 .

 

NASDAQ Wave 5 or 1 may end between 4600 - 4660.

 

Why do you believe this theory work?

 

It didn't in the past. It doesn't now. It'll not in the future.

 

$USD stuck at previous top 82.73. This may be the top of Wave 3]1)1.3.
Next may be Wave 3]1)1.4 DOWN to 81.3 .
Wave 3]1)1.5 or V]IV)E can go UP to 85.