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There are no valid Elliott Wave trades available at this time. Stay out of the market.
Extensive Elliott Commentary for USDJPY240 (Daily) on 18-May-2007 with three incomplete patterns:
Wave B of the Minor degree Flat with a rating of 100 is expected to complete in the price range 118.91 to 122.83, but more probably between 119.22 and 120.7. This wave is due to complete anytime from now until 10-Jul-2007, but is most likely to complete before 22-May-2007.
After wave B is complete, expect the market to continue down into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 93% - 176%. Wave C can also be expected to be 109% - 176% of the price length of wave A. The expected time for wave C to complete is 59% - 248% of the time taken for wave B to complete and 117% - 379% of the time taken for wave A to complete.
Wave (B) of the Intermediate degree inverted Flat with a rating of 85.5 is expected to complete in the price range 104.6 to 116.57, but more probably between 112.65 and 115.78. This wave is due to complete anytime from now until 09-Feb-2008, but is most likely to complete before 25-Jul-2007.
After wave (B) is complete, expect the market to continue up into wave (C), which should be a five wave Impulsive pattern. Expect wave (C) to retrace wave (B) by 86% - 173%. Wave (C) can also be expected to be 101% - 173% of the price length of wave (A). The expected time for wave (C) to complete is 65% - 296% of the time taken for wave (B) to complete and 120% - 413% of the time taken for wave (A) to complete.
Wave B of the Primary degree Flat with a rating of 80 is expected to complete in the price range 119.91 to 134.04, but more probably between 121.02 and 126.38. This wave is due to complete anytime from now until 01-Jan-2008, but is most likely to complete before 03-Jul-2007.
After wave B is complete, expect the market to continue down into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 93% - 176%. Wave C can also be expected to be 109% - 176% of the price length of wave A. The expected time for wave C to complete is 59% - 248% of the time taken for wave B to complete and 117% - 379% of the time taken for wave A to complete.
Current Analysis Settings:
Analysis Date Range: 01-Jan-2007 to 18-May-2007, Label Range: 7 - 30, Preferred Count Labels: 30, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern