Pair failed to make new highs above 0.8454 to get into a FLAT correction and prolonged sideways consolidation is favouring the idea of wave (( b )) triangle which completed @ 0.8420 and pair is now thrusting lower. While below 0.8420, expect lower prices ahead. If you would like to see our mid-term view in […]

Pair is in a 5 wave decline from 1.5033 peak Wave (( iv )) appears to have completed as a FLAT and a swing lower is now expected to complete wave (( v )). In case of new highs above 1.4402, wave ( c ) of (( iv )) can take the form of an […]

In our previous Elliott wave analysis of TASI published on 8.27.2013, we were expecting a 3 wave pull back in the Index to complete wave “b” before rally resumed. Initial leg down was in 5 waves which we have labelled as wave (( A )) of correction. Following a recovery to 61.8 fib (8004), Index […]

Pair is in wave 4 which can completed between 0.9186 – 0.9237 before wave 5 higher. Expect price to stay above 0.9120 during this wave 4 for the idea to remain valid. Hourly cycles remain positive and hence we don’t like selling the pair into wave C of 4 If you would like to see […]