Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a zigzag where wave (a) is in progress as 5 waves and a marginal low is expected to end wave (a) before cycle from 1.4885 ends. Afterwards, expect a wave (b) bounce […]

Revised view of Elliott wave cycles suggests that cycle from 6/24 low is unfolding as a bearish triangle where wave ((A)) ended at 107.5, wave ((B)) ended at 99.51, and wave ((C)) ended at 105.5. Wave ((D)) has reached the minimum swing to end but can see marginal low towards 100.5 – 101 area before pair turns higher in […]

Best reading of Elliott wave cycles suggests that cycle from 8/18 low is unfolding as 5 waves where wave (3) ended at 105.53 and wave (4) ended at 102.53. Wave (5) has resumed higher and internal of wave (5) is unfolding as a zigzag where wave A has enough number of swing and extension to be […]

Best reading of Elliott wave cycles suggests that cycle from 8/30 low is unfolding as a zigzag where wave ((a)) ended at 2.219 and wave ((b)) ended at 2.0845. Wave ((c)) is in progress as 5 waves and the metal has reached 100% of the ((a)) and ((b)) so minimum requirement is met to call wave […]

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. The Index has reached 100% of the ((w))-((x)) and expected to end wave X somewhere between 6745 – 6868 […]

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. While bounces stay below 7067.34, and more importantly below 7129.8, expect more downside in wave ((y)) of X towards 6821.1 […]