As many of you are aware, I offer a consulting service at WaveTimes.net. Occasionally I share some of those cases with you to help you learn Elliott Wave analysis. The following is a consultation I did with a trader based in Singapore who wanted to discuss the outlook for USDSGD. Please note that wave counts are always a work-in-progress. While it worked out as anticipated at that time (the analysis was done on October 14, 2015 when USDSGD was trading around 1.3870) the outcome from the current levels needs a fresh look.
Establishing the broad big picture in USDSGD from an Elliott Wave stance
In case you are wondering how it turned out, well here is a screen shot as of today, with the key turning points after 14 Oct marked out for you.
Elliott Waves do work in USDSGD as can be seen here
I hope you enjoyed the learning experience in this post. It will be great to see this shared with your friends in the market place. Best wishes, Ramki