Recent price action suggests wave B has completed as a FLAT @ 1376. Wave (( a )) of C is thought to be complete now we expect a 3 wave pull back toward 1340 – 1348 followed by lower prices toward 1246 (equal legs) in wave (( c )) of ( B ). Hourly cycles […]

USDJPY remains in a sideways consolidation with a bullish bias. This sideways consolidation can play out in a number of different ways as far as Elliott wave patterns go but strategy remains to look to buy the dips rather than selling rallies. Timing cycles are calling for a low on 10.4.2013 [jwplayer mediaid=”115138″]

Preferred view suggests price action from 106.40 – 109.00 was FLAT wave (( b )) and Oil is currently trading lower in wave (( c )) toward 102.58 (equal legs) target which would complete cycle from 110.70 and 112.25 highs and result in a bounce higher.  We don’t like chasing weakness at current levels as […]

Oil’s bounce in  wave B has completed at 109 thus we expect prices to trade lower to complete a cycle from 112.25 high. Expect a pull back toward 107.21 – 107.63 and more downside toward 102.70 area. Hourly cycles remain negative and hence we don’t like buying Oil at current levels. If you would like […]