After forming wave (( x )) @ 0.8550 peak pair made new lows followed by a very deep recovery which almost invalidated the wave count but managed to hold below 0.8550 peak and we now expect it to continue lower toward 0.8425 – 0.8440 to complete cycles from 0.8550 and 0.8599 peaks before we get […]

Dr. Copper is following our proposed path perfectly so far. We have seen the bounce that we expected in yesterday’s chart of the day and we expect resistance between 3.23 – 3.25 to cap for continuation lower. Only a break of 3.285 would negate this view.

Metal appears to be in a 7 swing decline from 3.40 peak when rally to 3.28 was wave ( x ). Expect a pullback to hold below this level and another swing lower toward 3.14 – 3.15 region to complete a cycle from 3.40 peak.

Pair has completed a cycle from 1.4814 with dip to 1.4400 and a recovery toward 1.4650 – 1.4700 region is now expected. 1st leg of the correction is nearing completion which should result in a pullback in the pair. As pair finds support in the region of 1.4450 – 1.4480, expect another leg higher as […]

Pair made new lows as expected bouncing just shy of our equal legs target. Wave “W” appears to have completed and a recovery in the pair is now expected with initial focus on 1.4570 where we believe pair complete wave ( b ) triangle. Expect price to stay above 1.4400 now for this view to […]

Index is headed lower for a test of 12500 to complete a cycle from 15942 peak before we get an upside reaction in the Index. Ideally Index should now stay below wave “b” high but 13711 is the more important level which needs to be respected until 12500 area has been tested.