Ewj: elliott wave

Gold & Silver head to lower low as expected .
May be Crude Oil too .
Brent & EUR/USD still going UP .
NASDAQ UP as expected .

 

AUD/USD rebounded from 50% retracement, but the count is not quite complete.
There may be more set back before going to new high.

 

Stock Indices rebound as expected .
All are currently at resistance levels, namely "W" neckline, April 18's Low, May 25's Low, MA(50), etc. .
If the Indices get pass May 25's Low we may be in Wave V]V)I5]1)1.3 ,
If not, the next lower low may be Wave V]V)I4]c)5 .

 

Gold's MACD SELL Signal confirmed. There may be a rebound to MA(50) @ $1519 before going DOWN again .
Silver's MACD gives second SELL Siganl. Silver rebounds from previous low, should continue to go DOWN soon .
US Dollar Index form a Wedge and MACD is poised for a SELL Signal .
Crude Oil completed five waves and rebounded to MA(200) @ 93.17, may have some resistance here, @ $95 and $97. MACD may show BUY Signal soon .

 

All are UP .
EUR/USD second 5-waves was follow by a third 5-waves which may send EUR/USD to 1.445 .
There may be 3-waves DOWN followed by 3 more 5-waves UP to 1.465 .
Brent followed EUR/USD closely, may go UP to $111.5, fall back to $108 then UP again to $117 .
Crude Oil after bizarre wave 1 show two 5-waves, may go UP to $94.1, fall back to $92.6 then UP again to $97 .
Gold may go UP to $1517 fall back to $1505 then UP again to $1531 .
Silver may go UP to $34.9 fall back to $34.2 then UP again to $35.8 .

 

On a closer look AUD/USD correction might have been completed :eek: .
If we count Wave 3]4)b.2 as an irregular correction, Wave .1 < .3 < .5 which is OK.
Wave 3]4) = 50% Wave 3]3) .
Wave 3]4)c = 61.8% Wave 3]4)a .
Wave 3]5)1.1 should end here at the resistance trendline and MA(50).
After Wave 3]5)1.2 the trendline and MA(50) breakout would confirm Wave 3]5)1.3 and AUD/USD should go UP to new high .

 

EUR/USD went UP as high as 1.44479 then fall abruptly below Wave :5iv as Wave :a-:b-:c then rebounded as Wave :1i-ii .

 

Brent went UP as high as 110.75 then fell .
Crude Oil went UP as high as $94.3 then fell .

 

Gold and Silver had wave five failure and miss upside target .
Gold and Silver fell as expected to $1503 and $34.08, below targets .
If there is no "going UP again" to a higher high then these 3 5-waves may be a c-wave of some degree .

 

Those resistance levels do have some resistance as evident by the Shooting Stars and Dark Cloud Cover .