Metal made a marginal new low below 2.423 and started recovering we are going with the idea of a double correction in wave (( X ))  as per preferred Elliott Wave view and expected to test 2.633 – 2.684 region before decline resumes. Ideally expected price to stay below 1.618 ext at 2.766 for a turn lower. […]

Preferred Elliott wave view suggests wave (W) ended at 0.7593 and wave (X) ended @ 0.7714.  Wave “W” is proposed to be over at 0.7403. Wave “X” bounce is in progress & could reach as high as 0.7558 – 0.7597 (50 – 61.8 fib) area before decline resumes. We don’t like buying the pair & expect sellers to keep […]

Preferred Elliott Wave view is the dips in the pair should hold above 115.82 low for continuation higher. We think wave “W” ended at 118.83, wave “X” pull back is in progress & could test 116.99 – 116.56 area before pair turns higher in the next leg. We don’t like selling the pair as there is no […]

Preferred Elliott Wave view is the dips in the pair should hold above 115.82 low for continuation higher. We think wave “W” ended at 118.83 and dip to 117.14 completed wave “X”. Expect a test of 118.69 to complete wave (w) before we get a pull back in wave (x) and higher again. If 118.69 is […]

Pair remains bearish while below 0.7891 & now the X high at 0.7710. We expect wave (( w )) of Y to end in 0.7542 -0.7503 area followed by a bounce in wave (( x )) and then lower again toward 0.7438 – 0.7374 area to complete 7 swings down from 0.7891 high. After that there […]

Preferred Elliott Wave view suggests pair ended wave W at 1.9235, wave X bounce is in progress and taking the form of a (( w )) – (( x )) – (( y )) Elliottwave structure. Wave (( w )) ended at 1.9772, wave (( x )) at 1.9323 and wave (( y )) is […]