Preferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach  as low as 101.30 (61.8 fib)before rally resumes. Shorter cycles suggest suggest recovery seen yesterday was a B wave and dip to 102.12 completed wave (( w )) of C. We are now expecting a bounce in wave […]

Preferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach  101.21 – 102.48 before rally resumes. Shorter cycles suggest suggest recovery seen today was a B wave and as price holds below 104.21 high, price is expected to trade lower toward 101.21 -102.48 area to end a […]

Preferred Elliottwave view suggests dip to 101.21 completed a corrective cycle from 102.79 peak. We have seen a 7 swing move higher from 101.21 – 102.26 which we believe completed wave A. Wave B pull back is in progress and can test 101.61 – 101.74 area before pair turns higher in wave C. There is some […]

Preferred Elliottwave view suggests drop from 0.8130 to 0.7956 was a WXY structure and complete wave A. Wave B is also taking the form of a 7 swing or WXY structure when rally to 0.8025 completed wave (( w )) , dip to 0.7965 completed wave (( x )) and wave (( y )) is now […]

Index has almost reached the equal legs up from 5.16.2014 marked as red wave X on the chart.  Break of rising 1 hour trend line or a similar break in RSI trend line would add more conviction to the view that cycle is over and a pull back lower in wave ( X ) has […]

Index has almost reached the equal legs up from 5.16.2014 marked as red wave X on the chart.  Break of rising 1 hour trend line or a similar break in RSI trend line would add more conviction to the view that cycle is over and a pull back lower in wave ( X ) has […]