Pair made new lows as expected bouncing just shy of our equal legs target. Wave “W” appears to have completed and a recovery in the pair is now expected with initial focus on 1.4570 where we believe pair complete wave ( b ) triangle. Expect price to stay above 1.4400 now for this view to […]

Index is headed lower for a test of 12500 to complete a cycle from 15942 peak before we get an upside reaction in the Index. Ideally Index should now stay below wave “b” high but 13711 is the more important level which needs to be respected until 12500 area has been tested.