Metal is completing a cycle from 3.168 low and once completed, expect a 3 wave pull back before the next leg higher is seen. Wave B pull back can test 50 – 61.8 fib zone (3.203 – 3.215) before another extension higher toward 3.32 – 3.38 region is seen to complete wave ( X ). […]

One of the most common patterns in New Elliott Wave theory is 7 swings structure (double three). We spot it in the market every day in many instruments. It’s a very reliable structure by which we can make good analysis and what is most important it’s giving us good trading entries with clearly defined invalidation […]

One of the most common patterns in New Elliott Wave theory is 7 swings structure (double three). We spot it in the market every day in many instruments. It’s a very reliable structure by which we can make good analysis and what is most important it’s giving us good trading entries with clearly defined invalidation […]

AUDJPY pair is showing 5 swings down from 96.50 – 94.41. Preferred Elliott Wave view suggests that drop from 96.50 – 94.72 completed wave A and pair has been doing an Elliott Wave FLAT correction since then. 94.72 – 95.51 was wave (( a )), new lows to 94.41 was wave (( b )) and […]