Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]

Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]

Best reading of the cycles suggests pair has ended a cycle from 10.15 (134.12) low and is due a larger 3 wave pull back in 4 hour time frame. Let’s take a look at Elliott wave structure of the decline from 149.77 peak. Initial decline from 149.77 – 146.40 was a triple three or ((w))-((x))-((y))-((z)) […]

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Preferred Elliott Wave view suggests Index has ended a cycle at least from Mid-October low and perhaps a larger daily cycle as well. Initial decline from the highs was in 3 waves that we have labelled as wave (( w )) and ended at 2034. After that we saw a sharp recovery to 2060 followed […]

We think the  yellow metal is in a triple three structure higher from 1131 low when wave (( Y )) ended at 1221. 2nd wave (( X )) ended at 1186 and as pull back holds above 1186 low, preferred Elliott Wave view suggests, metal could trade as high as 1265 to complete wave X correction […]