In yesterday’s post we said FTSE dip was corrective and should find buyers soon for the next leg higher. Index rallied as expected and we think wave X low is in place at 6636. Rally from 6636 low is taking the form of an Elliott wave impulse which we have labelled as wave (a). Once […]

The video below was posted at Elliottwave-forecast.com on November 25. In the video we explain to the world that HG (Copper) will continue lower according to our analysis and we also recommended to SELL Copper on the bounce with invalidation level at 3.0776   Now take a look at the charts below from our members […]

Gold dropped at start of the week and then rallied sharply. Let’s take a look at where the yellow metal stands right now. We know commodities are in the process of ending big cycles but there is no confirmation that the cycles has ended. Decline from July peak in Gold is not a 5 wave […]

Index has been trending higher since forming a secondary low at 6448 i.e. wave (X). It has tested 0.618 – 0.764 ext area of (W)-(X) and has completed wave W of ( Y) at 6773. Wave “X” pull back is in progress as a 7 swing Elliott wave structure. Levels of interest on the downside are […]