 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Introduction
In May the price preferred the scenario when the dollar strengthens (this scenario was described in Monthly-0507), it is based on the alternate scenario, described in Annual-07. The results are given in Figure Y1.
|
|
Figure Y1. Final weekly chart of the forecast for 2007.
|
|
For illustrative purposes schematic forecast of JPY movement five months ago is given in the chart.
Current variant of wave counting
For survey wave counting of JPY in large time frames refer to Annual-07 and Check Point, Intermediate Results and Nearest Perspectives.
|
|
Figure Y2. Wave counting on daily chart.
|
|
The dollar was strengthening in accordance with the alternate scenario. Supposedly upward wave 3 of the diagonal triangle (C) of [E] is assuming the shape of the narrow double/triple zigzag. If the supposition is correct upward movement will continue in the narrow trend channel. Otherwise I will have to pass to one of the alternate scenarios.
The ending of wave 1 of (C) is the confirmatory level. The ending of wave 2 of (C) is still the critical level.
For more detailed wave counting on smaller time-frames and parameters of possible trading plans refer to daily reports.
Reference
Dmitry Voznuy
forDmitry@yahoo.com
June 2, 2007 (14:00 Moscow time)
When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory.
|
|
|
|
Learn more
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
+7 (495) 710-76-76
|
© 1998—2008 «Alpari» |
|
