Pair made a marginal new low before making a strong move to the upside. We have not yet broken 1.4347 – 1.4370 zone but there is enough number of swings in place to call wave X completed. Thus, we expect higher price as price stays above 1.4187 low.

Metal is still correcting the entire decline from 3.42 peak. 50 fib (3.20) has been tested but another leg higher 61.8 fib (3.25) is still expected to complete wave X before the  red metal turns lower again.

Metal is still correcting the entire decline from 3.42 peak. 50 fib (3.20) has been tested but another leg higher 61.8 fib (3.25) is still expected complete wave X before metal turns lower again.

Wave X is thought to be complete . Expect resistance between 99.86 – 100.26 to reject for completion of wave (( b )) and further losses in the pair.