Wave A appears to have completed and wave B pull back has started. Expect lower prices toward 3.21 – 3.23 to complete wave B before metal turns higher in wave C. Hourly cycles are positive and there is no red boxes on the chart so we don’t like selling into wave B.

Copper is showing a zig-zag structure from 12.3.2013 low. Metal has already hit ( c )  = ( a) target and now close to testing ( c ) = 1.236 x ( a ) ext at 3.3309. Break of 1 hour trend line would suggest zig-zag structure has completed and leave the metal vulnerable to […]

Metal is trading in orange zone and showing enough number of swings in place to call wave A completed but another swing higher to 3.33 would look much better to complete wave A. After that metal should pull back in wave B and turn higher again.  Hourly cycles are positive so we don’t recommend selling […]

USDCAD testes 50 fib to complete an Ending Diagonal and bounces off the green zone highlighted. See how perfect it was. Why not take 14 day Trial to see all such opportunities and learn our current view of the pair. Click button on the right to start the Trial [jwplayer mediaid=”140583″]

Rally from 91.74 – 94.26 was in 5 waves but subsequent drop toward 92.70 – 93.00 ( 50 – 61.8 fib) of the rally was quite strong which made us switch the view to FLAT wave ( B ) in yesterday’s update. While below 93.27, expect more downside in the pair and break to new […]

After completing wave (( b )) at 3.16 metal turned higher impulsively and looks to have completed wave ( a ) of (( c )) as a  5 wave move. Wave ( b ) proved to be shallow and metal is already trading higher in wave ( c ) toward 3.298 – 3.33 area to […]