While below 1257, expect a new low below LOD (1224) to complete wave (( iii )) before we get wave (( iv )) pullback in the metal and lower again. We don’t like buying into proposed wave (( iv )) pullback and strategy remains to sell the rallies. Wave (( iv )) corrective targets will […]

expect a test of 0.8457 (1.236 ext) to complete wave ( a ) before we get a corrective pullback and lower again. We don’t like buying the pair into proposed wave ( b ) pullback.

Expect lower prices toward 0.8474 to complete wave ( a ) before we get a corrective pull back and lower again. We don’t like buying the pair into proposed wave ( b ) pullback.

Key short-term pivot has now moved lower to 3.22, the wave ((x)) terminus. Expect resistance between 3.12 – 3.14 to cap for continuation lower.