Metal has completed an hourly cycle @ 3.38 after a triangle thrust. A test of 3.21 is expected to complete a 3 wave decline from 3.388 and 7 swings down from 3.37 peak. As metal avoids aggressive weakness below 3.21, expect a 3 wave recovery which we believe would prove corrective (3 or 7 swings) […]

Wave ( 3 ) is thought to be complete so expect 2.83 – 2.87 to hold for another round of weakness in 3 waves to complete wave ( 4 ). Price needs to stay below 2.92 for this view to remain valid. We don’t like selling the yields as wave (( a )) decline was […]

The pair has hit our target of 67.94 (1.236 ext) from our previous blog published on 7.22.2013. Now that the target has been hit, it’s time to take another look at the pair. We expected the pair to hit 67.94 target in wave ( c ) of a 7 swing structure from 2011 lows but speed , […]

Wave B has completed with a test of 0.8650 so as this level holds, we like the idea of more downside in the pair. We don’t like buying into proposed wave ( b ) pull back. If you would like to receive accurate & timely forecasts for 25 instruments that we cover, why not Sign […]