Metal is still correcting the entire decline from 3.42 peak. 50 fib (3.20) has been tested but another leg higher 61.8 fib (3.25) is still expected complete wave X before metal turns lower again.

Wave X is thought to be complete . Expect resistance between 99.86 – 100.26 to reject for completion of wave (( b )) and further losses in the pair.

Wave ( A ) is nearing completion (can still test 2.78 – 2.84%) before we get a corrective pullback in wave ( B ). Break of 2.59% would be an early indication that wave ( A ) high is in place but only a break of 4th of lesser degree @ 2.46% would confirm this.

Wave (( b )) is thought to be complete. Expect a recovery toward 1.4204 – 1.4250 before the pair turns lower again toward 1.3800 to complete wave (( 4 )).

Wave (( b )) is thought to be complete, expect lower prices toward 1.3800 – 1.3850 to complete wave (( 4 )) before pair turns higher again. Short-term expect price to stay below 1.4261 for the (( c )) wave impulse idea to remain valid.

Decline from 1268 peak has so far been corrective but only appears to be in 1 swing. Recent recovery was also corrective, so we still like a test of 1214 to complete wave (( b )) the next leg higher.