japanese yen diagonal is no more...... here are my new targets

June Japanese Yen

The june japanese yen has invalidated my ending diagonal count and im expecting a breakdown
to the 7935-7950 area. Intraday i will be watching for a motive wave with a five wave structure moving higher.  Lets see if we can hold this yen.

Expanded flat in nat gas for wave 2?

Last week natural gas too another spill towards the low and as we have 5 waves up to around 3.15 we have 2 scenarios setting up. My first one and the one I'm going to follow as of now is an A B C expanded flat. With the c wave finishing on Friday last week. A gap open higher this evening and some sort of inside or doji candle would be a good start. Either way it's a low risk high reward trade.

Has the euro bottomed? I kinda think so......

June euro daily chart

  The euro looks to have put in a 1.2 1.2 so far and i will be watching for a green candle  and a subsequent break of the b wave to set up the wave 3 higher. we will see what happens here. as all the currencies are lining up

japanese yen formation complete?????

 Japanese yen has possibly completed the 5th wave with maybe a bit more down to go but for this formation to stay valid it must not move beyond 8019 on the June futures contract. (this could bottom this evening. )  I'm currently waiting for a conformation green candle day before jumping in here. Maybe some kind of spinning top doji

Silver carving out and B triangle ...... with a breakdown coming??????

Silver in a B wave triangle?

silver looks to be in a 4th wave down of a b triangle to end at 1582-83 then a small rally up in a 5th wave a-b-c pattern and back down to a thrust out of the triangle to end at 1270-1275.

orange juice.... 1 more leg down to touch new lows and then spring back?

Sept orange juice " contracting ending diagonal. "

Orange juice looks to be putting a text book contracting ending diagonal with wave 1, wave 2 wave 3 complete and working on the 4th wave with a 5th and final wave down to come that should go no lower than 10684 on the final push down. after complete we should see a immediate upward thrust back toward 12840 and possibly higher. an invalidation would only occur if prices break above the 12190 level and below the 10684 price. A break above 12190 would change the count to a wave 1 wave 2 with the 3rd wave to come.

Yen… the last push higher…

Daily Japanese yen 

The yen looks as if a final push higher to the 12260-70 area may just around the corner. Will be keeping an eye on this market as this final push should present a great opportunity on the short side.

Natural gas… bottom in place at 2.475?

Natural gas has been sliding as of late and a potential bottom looks to be in place as of this writing in a possible 3-3- part of an expanded flat for w4. (Position: long June 2.53 ) . I'm looking for a push back to the 3.35-3.40 area

Go pro stock… short term bottom?

Go pro stock looks like we may get a push back toward 55-56… to the prior 4th wave in some sort of a zig zag for the 4th wave…currently taking a long position here…as the risk reward is a little over 10-1. 

Natural gas…1,2 1,2 is no more…

After the gap down today natural gas is looking more and more like this is either a 4th wave triangle of the c leg or a possible contracting ending diagonal 5th wave . If it is in fact the latter then it would target around 2.47 to complete the c wave of C with the d wave and  the e wave to come testing the old lows of 191-2.00. To invalidate this count a break over 3.03 would be needed. 

Japanese yen… upward spike?

The yen looks as if we are in a 4th wave of the 3rd of the 5th that should reach as high as 125-126 … (4th waves tend to be triangles). Let's see where we go

natural gas 1,2 1,2........

(Daily )April natural gas

Natural gas has a 1, 2, 1,2 setting up and today may be the day we reverse back to the upside. target on the low side is 2.756 and a break of 304 is needed to set up the  nice run to a target of 348 in a wave 3.

The dollar… setting up to disappoint ?

Again the U.S. Dollar has been chopping around and putting in a triangle formation, with commercials ( smart money )net short.  

Again everyone is under the delusion that the fed is going to raise rates on there own terms and not the markets. 

Apple… 5 waves down intra day

A breach of 125.57 sets up the wave 3 to a target of 124… also a psh down in Apple could take the Nasdaq to close about where we opened which would set up a bearish doji evening star candle to end the week in the Nasdaq.

 

Natural gas… contracting ending diagonal

Natural gas looks to be putting in the final psh down in an e wave today of a contracting ending diagonal. Trgts on the low side are 2.50-2.53 as we will usually get some sort of throw over the lower trendline…. A quick reversal back to the highs of the diagonal should occur 3.33 trgt. 

Nat gas… when is this bounce coming?

Natural gas has been in a corrective phase and looks like a double zig zag and yesterday we hit the 2.67 area and this is where wave c will be equal to wave A * 1.382.  ( note: extremes on the commercial longs for both daily and weekly charts) 

Crude oil… terminal thrust out of the triangle complete?

The thrust out of the triangle may have very well completed today as the target came in at 45.50-45.70. Let's see where we go… my thoughts are up! 

The federal reserve isnt going to raise rates......

Dec euro $ interest rate vehicle for 2017

Dec euro dollar is looks to be finishing up the wave 5 of 5 of 5and I expect this interest rate decline to stop somewhere in the vicinity of 98.28 and 98.52 if the recent high is taken out.

The U.S. dollar… I don't believe the hype

The dollar appears to be creeping up into the prior wave 4 so let's see if we respect this level… I do believe we are topping here in the 92.50-95.00 range

Natural gas… contracting ending diagonal

The 15min chart above of natural gas looks to be a textbook contracting ending diagonal that could get a throw over of the lower trendline and then a reversal back towards the minimum of 3.20-3.50 area for a w4 before the next slide could resume. 

Orders to buy at 2.76-2.80

The lower chart is the hourly chart and the connecting trendlines are connecting 1 and 3 on the bottom and 2 and 4 on the top…