Short term Elliottwave structure suggests cycle from 6/9 peak remains alive as a double three where wave W ended at 45.83 and bounce to 50.54 ended wave X. Wave Y lower is in progress with the internal as a double three where wave ((w)) ended at 46.7 and wave ((x)) bounce ended at 48.45. Near term, […]

Here is a quick video update on XAUAUD (Gold-Australian dollar) structure to see what progress we have made since the last video update. Instrument made a new high above 1759.73 as expected and now has minimum number of swings in place to call the cycle from 4/19 and hence 4/1 lows completed. However, while above […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a zigzag where wave (a) ended at 15.71, wave (b) ended at 15.01, and wave (c) of ((w)) ended at 16.87. Wave ((x)) pullback is in progress to correct the rally from 13.99 with a possible target of 14.82 […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a zigzag where wave (a) ended at 15.71, and wave (b) ended at 15.01. Wave (c) of ((w)) is expected to complete at 16.72 – 17.12 area, then it should pullback in wave ((x)) to correct the rally […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a triple three where wave (w) ended at 15.6, wave (x) ended at 15.01, wave (y) is proposed complete at 16.47, and 2nd wave (x) pullback is proposed complete at 15.88. While pullbacks stay above 15.88, and more […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a triple three where wave (w) ended at 15.6, wave (x) ended at 15.01, and wave (y) is proposed complete at 16.47. Second wave (x) pullback is currently in progress towards 15.56- 15.74 area as 3 swings correction before […]