After forming wave (( x )) @ 0.8550 peak pair made new lows followed by a very deep recovery which almost invalidated the wave count but managed to hold below 0.8550 peak and we now expect it to continue lower toward 0.8425 – 0.8440 to complete cycles from 0.8550 and 0.8599 peaks before we get […]

Dr. Copper is following our proposed path perfectly so far. We have seen the bounce that we expected in yesterday’s chart of the day and we expect resistance between 3.23 – 3.25 to cap for continuation lower. Only a break of 3.285 would negate this view.

Metal appears to be in a 7 swing decline from 3.40 peak when rally to 3.28 was wave ( x ). Expect a pullback to hold below this level and another swing lower toward 3.14 – 3.15 region to complete a cycle from 3.40 peak.

Pair has completed a cycle from 1.4814 with dip to 1.4400 and a recovery toward 1.4650 – 1.4700 region is now expected. 1st leg of the correction is nearing completion which should result in a pullback in the pair. As pair finds support in the region of 1.4450 – 1.4480, expect another leg higher as […]