Short term Elliott Wave cycle suggests rally from wave (X) low at 1.38 is unfolding in a double three structure where wave W ended at 1.417, wave X FLAT ended at 1.406, and pair has resumed higher in wave Y towards 1.44 area. Near term, rally to 1.423 ended wave (a), and pair is in wave […]

Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave X. Decline from this level is unfolding in a triple three where wave ((w)) ended at 4847 and wave ((x)) bounce ended at 4928. Wave ((y)) is in progress towards 4592 – 4656 area, then it should bounce in second wave ((x)) before lower again. We don’t like […]

Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave (X). First leg of decline from this level unfolded in a zigzag and ended wave W at 4847. Wave X bounce is proposed complete at 4926 and the Index has resumed lower again. Decline from 4926.2 unfolded in 5 waves and ended wave (a) at 4804.7. Wave (b) […]

Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave (X). First leg of decline from this level unfolded in a zigzag and ended wave W at 4847. Wave X bounce is currently in progress in 3 or 7 swing to correct the decline from 5117.3 and ideally can reach 4981 – 5012 area before the […]