Break of 0.8227 low opens another extension lower in the pair and 0.8310 becomes wave (( x )). Preferred Elliott wave count is that wave (( a )) has almost completed and wave (( b )) bounce is now expected to fail below the trend line for continuation lower toward 0.8105 – 0.8142 region. We […]

Recovery from 1.4468 low is still in progress. 1.4828 was the end of wave A and dip to 1.4630 was wave B. Pair can reach as high as 1.4864 – 1.4879 to complete wave (( a )) before we get a pull back in wave (( b )) and higher again. We don’t like selling […]

$SPX turned lower sharply after making marginal new highs to 1897. Members knew this drop was coming and they had to exit the longs and wait for the dip to get long again. Let’s take a look at Elliott wave analysis from members area to see how it all unfolded and how Index reached the […]

Preferred Elliott wave view is that pair is dropping in a corrective manner from 96.51 high. Initial drop to 94.96 was wave (( w )), recovery to 96.22 was wave (( x )) and pair is currently in wave (( y )). We have already seen waves (( a )) and (( b )) of […]