Ewj: elliott wave

AUD/USD 0.80660 target passed (low = 0.80352) .
Next may be a rebound to 0.860.

 

Gold fell as 5-wave to $1,170.70 then rebounded as 3-wave to $1,210.90.
May be Wave :1 and :2.
Gold fell again to lower low at $1,167.30, may be Wave :3.
Wave :3 target may be $1,145.
Wave :5 target may be $1,108.

 

Silver fell as 5-wave to $15.56, may be Wave :1,
then rebounded as 3-wave to $16.48, may be Wave :2,
then fell to lower low at $15.51, may be Wave :3,
of which target may be $14.75.
Wave :5 target may be $13.9.
If there are extensions Wave IVc]5)5.5:5 target may be $12.9 or $11.25.

 

Crude Oil fell as expected to lower low at $52.03, may be wave i, ii and iii.
The rebound to $55.11 may be wave iv.
There may be wave v DOWN to $49.3, $48.5 or $45.9.
This may be Wave V]IV)C3]3)5 or V]IV)C3]5).
Wave V]IV)C5] target may be $32.7.

 

If SPX falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

 

If NASDAQ falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

 

If INDU falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

 

If TRAN falls below the last trendline, it may confirm a "Big M" pattern and a b-wave.

 

There is Crude Oil wave v as expected.
Now wave five at long term support trend line and multiple measured move.
Between $47.55 and $45.9 Crude Oil can rebound as wave 4 any time.
Wave .4 may rebound to $59.
Wave 4) may rebound to $77.8.

 

$USD 91.81 near 92.0 target and 2005 High at 92.63.
There may be one more wave UP before some set back.