Another push higher to 14843 could be seen to complete Ending Diagonal wave (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings […]

Wave ( b ) is taking the form of a triangle and appears to have completed @ 1.4225.   Expect a test of 1.4048 to complete a cycle from 1.4560 and a corrective bounce in the pair. Hourly cycles are negative so we don’t like buying the pair even after wave A has completed unless […]

Wave (( a )) has completed so expect a corrective pullback toward 14200 – 14250 area from where the Index should turn higher again. We don’t like selling the Index into the pullback and strategy remains to buy the dips in 3, 7 and 11 swings.