The Expanded Flat correction is a common corrective structure seen in wave 2 and 4 of a Motive Wave, the connector in a Zig Zag or any part of a Double or Triple Correction. In a bullish trend scenario price moves against the trend lower in a 3 wave structure to form wave A. Wave […]

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Preferred view now is that 10 year yields have completed wave ( B ) at 2.82% and have resumed the decline. Bounces should now prove corrective and as far as they stay below 2.82%, we would expect more downside in TNX. We don’t like buying into proposed bounces. Primary view calls for a drop to […]

Preferred view is that wave (( B )) low is in place at  0.8153 and pair has turned higher as expected. Short-term, expect a test of 0.8380 – 0.8398 region to complete wave A after which pair should pull back in wave B in 3, 7 or 11 swings and continue higher. We don’t like […]

USDCHF is showing an 11 swing structure down from 0.9157 January high when 0.8931 was 2nd wave (( x )). As far as price stays below this level or pivot at this level keeps holding, we like more downside in the pair toward 0.8642 – 0.8697 from where we should see a bigger recovery in […]

Pair is showing 5 swings down from 1.1195 peak which is not a diagonal and hence the structure / swing sequence is incomplete. We believe 6th swing is in place at 1.1117 and pair is trading lower in the 7th swings to complete the sequence. Drop from 1.1160 – 1.1034 was in 5 waves so […]