Best reading of the cycle suggests that rally to 2.057 ended wave X. From this level, the pair resumed the decline in wave ((w)) as a double three structure wxy where wave w ended at 2.0168, wave x ended at 2.04, and wave y of ((w)) is in progress towards 1.97 – 1.979 area. Once wave […]

Best reading of the cycle suggests the decline to 1105.9 ended wave ((W)), then the index bounced in wave ((X)) to 1193.85. From this level, the index has resumed the decline lower with the first leg of the decline wave (W) completed at 1078.63. Wave (X) bounce is currently in progress in 3, 7, or 11 swing. Most […]

Best reading of the cycle suggests that the decline to 1105.9 ended wave ((W)). From this level, the index bounced and ended wave ((X)) at 1193.85. The index has since resumed the decline lower, unfolding in a double corrective structure WXY where wave W ended at 1124.75, wave X ended at 1146.72, and wave Y […]

Best reading of the cycle suggests that the decline to 1105.9 ended wave ((W)). From this level, the index bounced and ended wave ((X)) at 1193.85. The index has since resumed the decline lower, unfolding in a double corrective structure WXY where wave W ended at 1124.75, wave X ended at 1146.72, and wave Y […]

Best reading of the cycle suggests that the decline to 1105.9 ended wave ((W)). From this level, the index bounced and ended wave ((X)) at 1193.85. The index has since resumed the decline lower, which is unfolding in a double corrective structure WXY where wave W ended at 1124.75, wave X ended at 1146.72, and wave […]

This is a medium term Elliottwave Analysis video on $AUDCAD. Wave (X) bounce is likely still in progress to correct the decline from 1.0345, and more downside is likely after wave (X) bounce is complete. As more downside is still expected at a later stage, we don’t like buying the proposed wave (X) bounce. EWF currently covers […]