Preferred Elliott wave count suggests that dips to 15926 ended wave (X) and Index has started a rally higher in the form of a double three structure where wave ((w)) ended at 16740. While Index stays below there, expect the Index to pullback in wave ((x)) to correct the rally from 15926 in 3, 7, or 11 swing. Then, as far […]

Preferred Elliott wave count suggests that rally to 1.324 ended wave W. Wave X pullback is in progress as a double three structure where wave ((w)) ended at 1.30, wave ((x)) is unfolding as as FLAT and should ideally fail below 1.3232 high for another push lower in wave ((y)) of X toward 1.2953 – […]

The Bank of Japan on Last Friday disappointed investors by offering a round much lower than expected extra while announcing a review of its current policy measures stimulus, leading some observers to wonder whether politicians fear that they are running out of tools to revive the Japanese economy. The Bank of Japan under the governor, […]

Preferred Elliott wave count suggests that decline from wave X at 79.57 is unfolding as a triple three where wave ((w)) ended at 77.6, wave ((x)) ended at 79.51, wave ((y)) ended at 77.4 and second wave ((x)) ended at 78.18. Wave ((z)) is in progress with the internal unfolding as a double three where wave (w) […]