On April 6, this is what our Intraday Currencies Pro Services subscribers were looking at in AUD/JPY:
The analysis showed a completed zigzag correction, labeled (a)-(b)-(c).
More importantly, wave (c) had taken the form of an ending diagonal — a pattern that often signals trend exhaustion.
That matters because ending diagonals:
- Typically appear at the end of a move
- Show waning momentum
- Often precede a sharp reversal
With that structure in place — and a breakout from the corrective channel — our analyst identified the correction as complete at 108.78, pointing to the potential for an impulsive rally.
What Happened Next?
That’s exactly what followed as AUD/JPY rallied to above 114.36.
This real-time forecast shows how Elliott wave analysis can help you identify developing structures — and spot potential breakouts as they begin, not after the move is already obvious.
Whether you’re focused on 4-hour charts or long-term trends, these patterns unfold across all timeframes. The question is: which ones are you watching?
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This wasn’t hindsight — it was recognizing a completed structure and emerging opportunity in real time. Here are some options to get started:
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