TTCSteve

TTCSteve

Price looks to be in the early stages of forming the wave c of 4 before down in wave 5 to complete the larger pattern wave C of ii...the ii is wave ii of 3 and a very bullish setup on the monthly basis. This 4hr chart just gives a little better view of the internals generally required for completion. Over 92-93 would shift the count into a directly higher wave 3...

TTCSteve Updated 

The US Dollar Index DXY/DX count has price in the final leg of the wave 3. Which leaves only one more set of 4 and 5 remaining once this 3 is complete possibly down in the 89 zone....with 5 completing in the 88.50-88 as the primary target to complete a much larger degree pattern wave C of ii. Alternately, this could be just wave iii of 3 that requires an...

TTCSteve

This little pop down completes a clean 5 waves for the (v) of iii. Alternatively it completes the larger 3, either way it means some volatility in waves iv and v with two iterations to get through for the first and main count. Once this larger wave C of ii is complete, this should be THE Bull market of the next few years.

TTCSteve Updated 

The count continues to play out fairly well and starting to see the volatility of the iv's and v's show their teeth. These last few legs into a final bottom for the wave v of C of ii should eliminate any remaining Bull's in preparation for a major turn up that should continue for a good few years. The 90-88 zone remains the primary target zone for the completion.

TTCSteve Updated 

As price charts out what I've labeled as wave v of 5 of C of ii (the ii is of a much larger degree wave 3 to the upside) Which suggests a major turn is ahead once pattern is complete. Back over 95-96 would be a conservative zone for the wave iii of 3 to have already started but for now the 90-88 is the target zone for the larger turn.

TTCSteve Updated 

The wave i of 3 of (v) was a clean 5 wave affair and we now have in place 3 waves in what I'm counting as the wave ii. If the count is correct, next week should see a powerful wave iii of 3 lower with the high from the 12th as the marker. Low volume into end of year isn't ideal but that's what the structure suggests at present.

TTCSteve

Whether we are building out an Ending Diagonal wave (v) or simple impulse leg, the same targets apply for a very important longer term inflection point as we head into 2018. FED's rate decision day volatility aside, structure is holding up well. Through 94.50 on a closing basis would require either the Ending Diagonal or consideration that we're already in iii...

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TTCSteve

B wave topping zone

TTCSteve

The DX is just below the 97-97.20 optimum target for the wave ii of c of IV which should be followed by a strong wave c of IV lower. 97.50 to 98.50 provide the resistance zone, but the lower level should be more than enough risk if this count is correct. Targets are in the 93-90 region for wave IV.