Wave ( B ) has ended as a FLAT.  Expect more upside toward 14650 14700 area to complete a 5 wave move up from 13750. After that, Index should pull back in 3 waves in wave (( b )) before turning  higher again We don’t like selling the Index into any proposed pullbacks and strategy […]

Pair has broken below 1.4188 to confirm the end of wave ( B ) @ 1.4560. A cycle from 1.4400 is coming to an end, pair should make a pullback and trade lower again toward 1.4048 to complete wave A of ( C ). Hourly cycles are negative so we don’t like buying the pair […]

Oil has turned lower after completing wave ( b ) @ 102.50. Expect a test of 99.60 – 100.37 to complete wave A after which Oil should correct the entire drop from 104.37 and trade lower again. We don’t like chasing weakness at current levels as cycle from 104.37 would be ending soon and we […]

Let’s take a look at the Weekly Market Overview presented to clients on 6 October 2013. We discuss the key Elliott wave structures and trade setups that we like for week ahead based on the Elliott wave analysis.   Weekly Market Overview 10.6.2013   11:50 AM EDT USDX Group: EURUSD  is showing 7 swings higher from […]