Short term Elliott wave count suggests that rally to 104.33 ended wave W. Decline from there is unfolding as a double three where wave ((w)) ended at 101.18 and wave ((x)) ended at 103.35. Short term, while bounces stay below 103.35, and more importantly below 104.33, expect more downside towards 100.94 – 101.4 area initially, followed by 99.47 […]

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Short term Elliott wave count suggests that rally to to 8.403 ended wave X. Decline from there is unfolding as a double three where wave ((w)) ended at 8.11 and wave ((x)) bounce is in progress towards 8.275 – 8.305 area to correct the decline from 9/1 peak (8.403). As far as 9/1 pivot at 8.403 stays intact […]

Preferred Elliott wave count suggests that decline to 1.0384 on 8/26 ended wave X. While pair remains above the level, expect further upside to 1.0488 – 1.051 area to complete wave w before ending the cycle from 8/26 low. Afterwards, a pullback in wave x is expected to take place to correct the rally from 8/26 low […]

Preferred Elliott wave count suggests that rally to 78.79 ended wave X. Decline from there is unfolding as a double three where wave (w) is proposed complete at 77.31. Wave (x) bounce is currently in progress towards 78 – 78.15 area, then pair is expected to extend lower or at least pullback in 3 waves to correct rally […]

Preferred Elliott wave count suggests that rally to 78.79 ended wave X. Decline from there is unfolding as a double three where wave (w) is proposed complete at 77.31. Wave (x) bounce is currently in progress towards 78 – 78.15 area, then pair is expected to extend lower or at least pullback in 3 waves to correct rally […]