In today’s video we present Elliott Wave Analysis of the yellow metal which has reached 100% extension down from 1255 peak. Trend is down but it’s in an area where initiating new short positions is a dangerous proposition. Analysis based on market correlation allows for another push lower toward 1189 – 1184 area to end the […]

AUDUSD is showing an Elliott Wave zig-zag structure down from 0.9505 peak with FLAT in wave B which completed @ 0.9472. Pair has hit C = A @ 0.9294 but can test 1.236 ext of A-B @ 0.9252 to end this structure and then we should see a 3 wave bounce in the pair. [jwplayer […]

Preferred Elliott Wave view suggests rally to 103.46 completed a corrective (( B )) wave  and Crude Oil futures are now expected to trade lower. Short-term price action suggests wave A ended at 100.42 and shallow recovery to 101.69 was wave B. This gives C = A target of 98.58 which has been reached already. […]

Wave A completed just 1.236 ext of (( a )) – (( b )) and we got the 3 wave pull back that we were anticipating. Metal has hit 61.8 fib retracement of wave A and has enough number of swings in place to call wave B completed. Thus, as per preferred Elliott Wave view […]

Metal is completing a cycle from 3.168 low and once completed, expect a 3 wave pull back before the next leg higher is seen. Wave B pull back can test 50 – 61.8 fib zone (3.203 – 3.215) before another extension higher toward 3.32 – 3.38 region is seen to complete wave ( X ). […]

AUDJPY pair is showing 5 swings down from 96.50 – 94.41. Preferred Elliott Wave view suggests that drop from 96.50 – 94.72 completed wave A and pair has been doing an Elliott Wave FLAT correction since then. 94.72 – 95.51 was wave (( a )), new lows to 94.41 was wave (( b )) and […]