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Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]

Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]

Best reading of the cycles suggests pair has ended a cycle from 10.15 (134.12) low and is due a larger 3 wave pull back in 4 hour time frame. Let’s take a look at Elliott wave structure of the decline from 149.77 peak. Initial decline from 149.77 – 146.40 was a triple three or ((w))-((x))-((y))-((z)) […]