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Extensive Elliott Commentary for USDJPY240 (Daily) on 14-Jun-2007 with one incomplete pattern:

Wave (B) of the Intermediate degree Flat with a rating of 101.8 is expected to complete in the price range 121.68 to 124.52, but more probably between 121.9 and 122.96. This wave is due to complete anytime from now until 07-Aug-2007, but is most likely to complete before 30-Jun-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 110% - 176% of the price length of wave (A). The expected time for wave (C) to complete is 60% - 248% of the time taken for wave (B) to complete and 119% - 393% of the time taken for wave (A) to complete.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 14-Jun-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

Analysis were made using the Refined Elliott Trader software..