Preferred Elliott wave count suggests that rally to 78.79 ended wave X. Decline from there is unfolding as a double three where wave (w) is proposed complete at 77.31. While near term wave (x) pullback stays above there, expect the pair to turn higher in wave y of (x) before the decline resumes again. We don’t like buying the […]

Preferred Elliott wave count suggests that rally to 78.79 ended wave X. Down from there, there’s enough number of swing and extension to call wave (w) completed. After wave (w) is confirmed over, likely from 77 – 77.3 area which it has already reached, then it should bounce in wave (x) before pair resumes lower again. We don’t […]

Expanded Elliottwave Flat is a 3 wave corrective pattern which could often be seen in the market. Inner subdivisions are 3, 3, 5 and labelled as A, B, C. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Whereas , wave C is always a 5 waves structure, […]

Preferred Elliott wave count suggests that rally to 0.776 ended wave ((w)) and wave ((x)) pullback is proposed complete at 0.7673. Rally from there is unfolding as a double three where wave w ended at 0.7723 and while wave x pullback stays above 0.7606, expect pair to resume higher. A break below 0.7606 suggests pair can extend lower to 0.7566 – […]