Decline from wave X at 16.46 is unfolding in double correction (w)-(x)-(y) where wave (w) ended at 15.5, wave (x) ended at 16.05, and wave (y) is in progress towards 14.85 – 15.08. In our Chart of The Day 6.30.2015, we said the internal of wave (y) is also taking the form of a double corrective […]

Decline from wave X at 16.46 is unfolding in double correction (w)-(x)-(y) where wave (w) ended at 15.5, wave (x) ended at 16.05, and wave (y) is in progress towards 14.85 – 15.08. The internal of wave (y) is also taking the form of a double corrective structure w-x-y where wave w is in progress towards […]

Rally to 17.77 completed wave W, and  short term Elliott Wave view suggests wave X pullback is unfolding in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 16.565, wave ((x)) ended at 17.178, and wave ((y)) is currently in progress. Internal of wave ((y)) is taking the form of a double […]

Gold is proposed to be doing a ((w))-((x))-((y)) Elliott wave structure 1224 (4/6) high. Wave ((w)) ended at 1183.60, wave ((x)) completed at 1209.09 and wave ((y)) lower is proposed to be in progress. We need to see a break below 1183.60 (4/14) low to add more conviction to this view as that would make it […]

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Metal made a marginal new low below 2.423 and started recovering we are going with the idea of a double correction in wave (( X ))  as per preferred Elliott Wave view and expected to test 2.633 – 2.684 region before decline resumes. Ideally expected price to stay below 1.618 ext at 2.766 for a turn lower. […]