The preferred Elliott Wave view is that the move up from 8915 low is taking the form of triple corrective structure when wave Y ended @ 10050 and 2nd wave X is also thought to be  in place @ 9749.  As this level holds, we like more upside in the Index toward 10155 – 10216 region. […]

For the whole month of May we been telling our members to SELL the rallies for USDCAD as that is what our preferred Elliott Wave Analysis was calling for. When June came along our view did not change. We continued telling our members to only look to sell USDCAD based on the idea of Elliottwave […]

Preferred Elliottwave view suggests drop from 0.8130 to 0.7956 was a WXY structure and complete wave A. Wave B is also taking the form of a 7 swing or WXY structure when rally to 0.8025 completed wave (( w )) , dip to 0.7965 completed wave (( x )) and wave (( y )) is now […]

Index has almost reached the equal legs up from 5.16.2014 marked as red wave X on the chart.  Break of rising 1 hour trend line or a similar break in RSI trend line would add more conviction to the view that cycle is over and a pull back lower in wave ( X ) has […]