Looking at Elliott wave swing sequence, Copper (HG_F) metal is showing 5 swings down from 12/9 high (2.95) which is an incomplete swing sequence so our preferred Elliott wave view is that wave B high at 2.866 would hold for another swing lower toward 2.67 (100% ext) followed by 2.61 which is 100% ext of […]

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Preferred Elliott wave view suggests pair completed wave “W” at 1.1673 and wave “X” is also proposed to be over at 1.1595. Cycle from 1.1594 is proposed to be over at 1.1843 which we think completed wave (( w )). Wave (( x )) pull back is in progress and is taking the form of a […]

USDCAD preferred Elliott Wave view shows decline from 1.1843 high is taking the form of a 7 swing structure and expected to test 1.1729 – 1.1710 area before pair turns higher and resumes the rally.  Worst case scenario would be a 3 wave bounce from 1.1729 – 1.1710 area but ideally we would expect the […]