AUD/NZD - Sunday, I called for a low near 1.0600

AUD/NZD - A Monday a low was seen at 1.0617

AUD/NZD - Bottom in place at 1.0617 

In Sunday's update (you can see that update by clicking here) I called for a bottom near 1.0600 and yesterday we saw a test of 1.0617 followed by a rally above the ending diagonal resistance-line confirming that the low is in place and a rally back to the origin of the ending diagonal at 1.0921 should be seen within half the time it took the ending diagonal to build.

Please observe that a throw under the ending diagonal support-line was seen, before the low and reversal from 1.0617 was seen. This is normally a strong sign that an important low is in place.  

The low at 1.0617 terminated the wave ii correction from 1.1333 and ultimately, this high should be exceeded in wave iii for a continuation towards at least 1.2133 and likely even higher to the 161.8% extension target at 1.2871.

When a 1+ is highlighted in the right hand corner, more charts is available in this chart-pack 2 charts can been seen. To see the other chart, 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 chart. 

Jonathan
2017-10-24
Your work is exceptional and glad I found you.
Darryl
2014-09-14
Love the good work, most accurate I’ve found in my research. Darryl
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...