Metal is correcting the weekly cycle from 2008 lows. It did get very close to 50 fib retracement (2.949) but didn’t fully test it. Also, metal is showing 5 swings lower from the high of red wave “a” and is currently in blue wave ( B ) pull back. Once completed, metal should turn lower […]

Preferred view suggests wave (( x )) has completed at 1.4673 and while above this level, expect more upside toward 1.4924 – 1.4983.   Hourly cycles are positive so we don’t like selling the pair in proposed wave ( b ) and like more upside toward 1.4926 – 1.4896 area.

Wave B completed as a triangle and after completing wave (( a )) at 101.91, pair is in wave (( b )) pull back which can reach as low as 100.88 before the rally resumes toward 102.75 (equal legs).. We don’t recommend selling the pair in any degree and like buying dips in 3, 7 […]