EUR/JPY - Wave iii ended at 135.73

EUR/JPY wave iii ended at 135.73

I was looking for a wave iii target at 135.48, but break above 136.46 told us, that wave iii ended a little early at 135.73. We should now look for wave iv towards red wave iv of one lessor degree at 138.00. It's very common for fourth waves to terminate close to a fourth wave of one lessor degree, which in this case would be red wave iv at 138.00, from where we should see the final decline to 134.34 to end wave C.

At 134.34 wave C will be equal in length to wave A from 145.69 to 136.23.

Short term we should allow for a correction to 136.20 before the final rally to 138.00 to end wave iv.

Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane