In our previous Elliott wave analysis of TASI published on 8.27.2013, we were expecting a 3 wave pull back in the Index to complete wave “b” before rally resumed. Initial leg down was in 5 waves which we have labelled as wave (( A )) of correction. Following a recovery to 61.8 fib (8004), Index […]

Pair is in wave 4 which can completed between 0.9186 – 0.9237 before wave 5 higher. Expect price to stay above 0.9120 during this wave 4 for the idea to remain valid. Hourly cycles remain positive and hence we don’t like selling the pair into wave C of 4 If you would like to see […]

  Pair is in wave ( v ) of (( iii )) which is extending and can reach as high as 94.06 before a pull back in wave (( iv )) and higher again. We don’t like selling the pair in proposed wave (( iv )) as hourly cycles remain positive. If you would like […]

A cycle from 86.37 low is coming to an end. Expect a new high toward 92.20 – 92.50 to complete this cycle before we get at least a 3 wave pull back in the pair which could be start of a new down cycle or prove corrective yet again. Hourly cycles remain positive but we […]