Ewj: elliott wave

The moves speed UP .

 

Wave 3]3)4 growing bigger and bigger :eek: .
It may turn out to be Wave 3]4) .

 

I suspect AUDUSD will still fluctuate in the area for the next 2~3 weeks before going downtrend.

 

AUD/USD falls as a 5-waves, there may be another measured move DOWN to $1.05 .
Crude Oil falls as a 5-waves, there may be another measured move DOWN to $93 .
US Dollar Index rises as a 5-waves, there may be another measured move UP to 76.0 .

 

Oops !!!! Gold, Silver & Crude Oil fall as expected .
Another measured moves will send
Gold DOWN to $1475 .
Silver DOWN to $31.5 :eek: .
Crued Oil DOWN to $93 .
US Dollar index UP to 0.714 .

 

AUD/USD minute chart shows ending diagonal break out, the fall should continue .
A fall below 1.053 would confirm Wave 3]3)4 .
A fall below 1.025 would change the count to Wave 3]4) :eek: .

 

Only Silver showed new low :eek: .
The falls were too swift, corrections may need more time to be digested .
There may be a variety of corrective patterns in this DOWN trend;
Irregular correction for Silver.
Flat correction for Crude Oil.
Zigzag or Triangular correction for Gold.
USD/EUR appreciation produced less effects on commodites.

 

Inverse relationship between Crude Oil and US Dollar Index for the last two days.

 

US Dollar index HIGH = 75.91 ,
there may be one more subwave to go .
Crude Oil DOWN near $97 then rebounded to struggle around $100 again .
AUD/USD DOWN to 1.053, one more subwave may send AUD/USD to 1.050 .

 

US Dollar index UP to 0.7106 .
Commodities may take more time to reach targets .