Hi everyone,
There's no change from my previous chart. We should be on the way to ITD 11 high which is due around May 27.
A medium term top (MTD 1 high) could be due together with ITD 11 high, and if this is the case, this would also be a Long Term top (LTD 15 high) as well.
However, medium term top (MTD 1 high) and long term top (LTD 15 high) could be due later at ITD 2. If this is the case, it will be due at around June 22. My guess is that MTD 1 high and LTD 15 high will be due here around this time. Price level wise probably around 1.6, but we'll look at it more when time is near. Also keep monitoring Dollar Index chart, as we could do a pretty clear Elliot Wave count on it.
In any case, a long term top will soon be due, giving an excellent opportunity to short for a long term or medium term time frame.
For those interested in super long term time frame, I believe that Super Long Term bottom (SLTD 2 low) was already IN at 1.35. Thus, even if we break down from LTD 15 to LTD 16, it should not break lower than 1.35. But I would not worry too much about this for now as this is a very long time frame. As time goes by, SLTD position will get clearer.
