Wave B high is in place & wave C has started impulsive thus we remain bearish in the short-term & expect more weakness toward 2.35 % to complete wave C of ( W ) / (( B )) before another recovery.

Wave ( A ) high appears to be in place. Today, we have seen a break of 6534 which gives us more confidence in this view. Expect some more weakness to complete wave A of ( B ) before we get a pull back in wave B and another round of weakness to complete wave […]

Wave ( A ) high appears to be in place, break of 6534 will add more confidence to this view and will open up 6350 – 6365 area as support for completion of wave ( B ). Exact structure of the drop remains to be seen

Pair is showing 5 swings down from 99.95 peak which makes 99.17 the connector. While below 99.17, expect a test of 97.55 – 97.85 zone to complete wave (( a )) before a corrective pull back in wave (( b )) and lower again. In the unlikely event 99.17 breaks before pair makes a new […]