$HG_F (Copper) has been rejected in every rally and we maintain our bearish Elliott Wave view on Copper for at least another extension lower. We think new high & failure seen on Friday completed wave X and next leg lower has started. Near-term focus is on 2.995 – 2.983 area to complete wave (( w )) […]

$HG_F (Copper) has been rejected in every rally and we maintain our bearish Elliott Wave view on Copper for at least another extension lower. We think new high & failure seen on Friday completed wave X and next leg lower has started. Near-term focus is on 2.995 – 2.983 area to complete wave (( w )) […]

Gold is showing 5 swings down from July peak (1345) which many Elliott wavers are labelling as a 5 wave move but it doesn’t show any divergence between the last 2 lows which negates the idea of a 5 wave impulse and hence we like the idea of a 7 swing structure in progress as […]

DAX Index is showing 5 swings up from ((X)) low at 8904 (10.30.2014)  which is an incomplete sequence so we expect the Index to do a pull back in 6th swing & make another push higher to complete 7 swings to end a 7 swing cycle from 8904 low. Wave ( W) ended at 9469 […]