CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again

CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again

CHF/JPY - The ending diagonal resistance-line near 109.44 about to be tested again 

On June 10 I posted an article saying the the ending diagonal resistance-line near 111.50 was about to break (you can see that post by clicking here). Well I was a wave too early and the ending diagonal resistance-line held for one final decline to 107.13. 

This final decline performed a classic under-throw of the ending diagonal support-line and quick return into the ending diagonal formation, which normally is a strong indication of the bottom being in place. To confirm that the ending diagonal is complete, we need a break above the ending diagonal resistance-line currently near 109.44 and above here will call for a rally towards the origin of the ending diagonal at 117.41, within half the time it took to build the ending diagonal. 

Long term, much higher levels will be expected. 

When a 1+ is highlighted in the right hand corner, more charts is available, in this chart-pack 4 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.

Become a registered member of EWS, and gain access to all the in depth analyzes.

Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Jonathan
2017-10-24
Your work is exceptional and glad I found you.
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...