Oil is nearing completion of a cycle from 104.37 peak which would complete 5th swing down from 112.25 peak. As Oil avoids aggressive weakness below 95.97, expect a pullback in wave B toward 100.00 – 101.00 area from where Oil should turn lower in 7th swing. Hourly cycles remain negative so we don’t like buying […]

Another push higher to 14843 could be seen to complete an extended  (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings after […]

Another push higher to 14843 could be seen to complete Ending Diagonal wave (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings […]

Wave ( b ) is taking the form of a triangle and appears to have completed @ 1.4225.   Expect a test of 1.4048 to complete a cycle from 1.4560 and a corrective bounce in the pair. Hourly cycles are negative so we don’t like buying the pair even after wave A has completed unless […]