Preferred Elliott wave view suggests wave (W) ended at 0.7593 and wave (X) ended @ 0.7714.  Wave “W” is proposed to be over at 0.7403. Wave “X” bounce is in progress & could reach as high as 0.7558 – 0.7597 (50 – 61.8 fib) area before decline resumes. We don’t like buying the pair & expect sellers to keep […]

In this blog, we will take a look at Elliott Wave Triple Three structure wxyz. WXYZ is an 11 swing Elliott Wave structure which looks like below: From the chart above, we can see red W, red X, red Y, red X, and red Z. Each leg of WXYZ Elliott Wave structure has 3 swing subdivisions ((w)), ((x)), and ((y)). A […]

Preferred Elliott Wave view is the dips in the pair should hold above 115.82 low for continuation higher. We think wave “W” ended at 118.83, wave “X” pull back is in progress & could test 116.99 – 116.56 area before pair turns higher in the next leg. We don’t like selling the pair as there is no […]

Preferred Elliott Wave view is the dips in the pair should hold above 115.82 low for continuation higher. We think wave “W” ended at 118.83 and dip to 117.14 completed wave “X”. Expect a test of 118.69 to complete wave (w) before we get a pull back in wave (x) and higher again. If 118.69 is […]