Preferred Elliott wave count suggests that decline to 1.0384 on 8/26 ended wave X. While pair remains above the level, expect further upside to 1.0488 – 1.051 area to complete wave w before ending the cycle from 8/26 low. Afterwards, a pullback in wave x is expected to take place to correct the rally from 8/26 low […]

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. Wave (x) bounce is currently in progress towards 78 – 78.15 area, then pair is expected to extend lower or at least pullback in 3 waves to correct rally […]

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. Wave (x) bounce is currently in progress towards 78 – 78.15 area, then pair is expected to extend lower or at least pullback in 3 waves to correct rally […]

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 […]