Metal has broken higher from wave (( b )) triangle and while above 21.59, expect another push higher toward 22.74 – 23.01 area to complete a cycle from 20.59 low after which metal should pull back at least in 3 waves. Hourly cycles are negative but we don’t like selling the metal unless of course […]

Index appears to be completing wave ( B ) as a FLAT which can still test 13709. As Index avoids aggressive weakness below this level, expect it to turn higher.  Break above 14160 will confirm wave ( B ) low is in place.  

 It’s time to revisit $FTSE chart as we last looked at it on 8.1.2013 and establish that bulls had regain control as Index showed a 5 wave move up following a 5 wave decline which is a bullish setup. We expected Index to find resistance around 6743 and turn lower in 3 waves to complete […]

Pair is bouncing from 76.4 fib of wave ( D ) @ 96.92. Marginal new lows to 96.78 could still be seen before pair turns higher. Cycle is very close to ending and bounce can happen at any moment. We don’t like chasing weakness in the pair as hourly cycles remain positive and like the […]