Short term Elliott wave count suggests that rally to 17173 ended wave (W). Decline from there is unfolding as a double three where wave W ended at 16300 and wave X bounce ended at 16883. Near term, while Index stays below wave ((x)) at 16605 and more importantly as far as pivot at 9/22 (16883) high stays intact, expect Index […]

Short term Elliott wave count suggests that rally to 17173 ended wave (W). Decline from there is unfolding as a double three where wave W ended at 16300 and wave X bounce ended at 16880. Near term, Index is correcting cycle from 9/22 (16880) with potential target of 16542 – 16720 area, then as far as pivot at 16880 stays intact, expect […]

$USDPLN Weekly Elliott wave chart below suggests that cycle from 5.3.2011 low (2.64) has ended and the pair is in the process of pullback to correct this cycle in 3, 7, or 11 swing with potential target as low as 3.216 – 3.396 area before the rally resumes. Looking at the Daily Elliott wave chart […]

Short term Elliott wave count suggests that rally to 79.13 ended wave X. Decline from there is unfolding as a double three where wave ((w)) ended at 75.95 and wave ((x)) bounce is in progress as a double three towards 77.77 – 78.15 area before the decline resumes. As far as pivot at 79.16 stays intact in the […]

Short term Elliott wave count suggests that rally to 79.13 ended wave X. Decline from there is unfolding as a double three where wave ((w)) ended at 75.95 and wave ((x)) bounce is proposed complete at 77.53. While bounces stay below there, and more importantly below 79.13, expect the pair to extend lower towards 73.6 – 74.35 area. […]

The latest US Consumer prices number last Friday rose by 1.1 percent year-on-year in August 2016, which is above the market consensus of a 1% rise. This number is the biggest inflation figure in 4 months. Annual core inflation, excluding food and energy, rose to 2.3%, also above market expectation of 2.2%. Although both numbers beat expectation, […]