Short term Elliott Wave view suggests wave ((w) decline from 96.18 is in progress and taking the form of a double three wxy where wave w ended at 94.09. Wave x bounce is currently in progress as a FLAT, and there’s enough swing to call it complete, but a marginal high still can’t be ruled out towards 95.37. Once wave x […]

Short term Elliott Wave view suggests wave ((w) decline from 96.16 is in progress and taking the form of a double three wxy where wave w ended at 94.09, wave x bounce is in progress and expected to complete at 94.94 – 95.37 as a FLAT, then it should turn lower one more leg in wave y towards 92.74 […]

Short term Elliott Wave view suggests wave ((w)) decline from 96.16 is in progress and taking the form of a double three wxy where wave w ended at 94.09, wave x bounce is in progress and expected to complete at 94.74 – 94.94, then it should turn lower one more leg in wave y towards 92.74 – 93.4 […]

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Wave ((w)) decline from 97.16 is unfolding in a double three structure (w)-(x)-(y) where wave (w) ended at 95.35, wave (x) ended at 96.04, and wave (y) is in progress towards 93.84 – 94.26 to complete wave ((w)). From this area, the pair is expected to bounce in wave ((x)) before resuming lower again. We don’t […]

Decline to 89.19 completed wave (W), and pair has since bounced in wave (X) from this level. Short term Elliott Wave view suggests wave (X) bounce is unfolding in a double corrective structure W-X-Y where wave W ended at 92.43, and wave X is in progress towards 90.44 – 90.83. Once wave X is complete, the pair has a scope to […]