In this educational video, we are going to take a look at WXY Elliott wave structure which is one of the most important structures in the market. We explain why a WXY structure is not always a double zig-zag and hence the reason we call it a double corrective Elliottwave structure instead of a double […]

Wave (( X )) ended at 1.4610 and short-term wave X is also proposed to be over at 1.4402. Following a bounce in wave (( x )), expect another swing lower toward 1.3951 – 1.3845 area before next 3 wave bounce is seen. We don’t like buying the pair in proposed bounces and favour the short […]

In today’s video we are going to take a look at relation ship between Oil (blue) and SPX (black). Followers of fundamentals often argue that lower Oil means higher Indices. Looking at charts, we can see huge correlation between the 2 instruments. We use another dimension correlation in which 2 instruments could be moving in […]

Looking at Elliott wave swing sequence, Copper (HG_F) metal is showing 5 swings down from 12/9 high (2.95) which is an incomplete swing sequence so our preferred Elliott wave view is that wave B high at 2.866 would hold for another swing lower toward 2.67 (100% ext) followed by 2.61 which is 100% ext of […]

Looking at Elliott wave swing sequence, Copper (HG_F) metal is showing 5 swings down from 12/9 high (2.95) which is an incomplete swing sequence so our preferred Elliott wave view is that wave B high at 2.866 would hold for another swing lower toward 2.67 (100% ext) followed by 2.61 which is 100% ext of […]

Preferred Elliott wave view suggests pair completed wave “W” at 1.1673 and wave “X” is also proposed to be over at 1.1595. Cycle from 1.1594 is proposed to be over at 1.1843 which we think completed wave (( w )). Wave (( x )) pull back is in progress and is taking the form of a […]