Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. Down from this level pair has enough number of swings in place to call a triple three structure completed at 79.25. As this level holds in the dips, pair has scope to put in a 3 or 7 swings bounce in wave (X) which is expected […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. Down from this level pair is showing 5 swings down and hence an incomplete sequence, therefore, we like the idea of bounces to fail below 83.68 high for another extension lower. Ideal target on the downside would be 78.54 – 77.32 but we would look […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a triple three structure where wave ((w)) ended at 84.67, wave ((x)) FLAT ended at 86.2, wave ((y)) ended at 81.89 and a bounce in 2nd wave ((x)) is also proposed to be over at 83.66. While below 83.66 […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a double three structure where wave ((w)) ended at 84.67, wave ((x)) FLAT ended at 86.2, and pair has resumed lower in wave ((y)). Equal legs of (w)-(x) in ((y)) comes at 82.44 which is where a cycle […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a double three structure where wave (w) ended at 84.67, wave (x) FLAT ended at 86.2, and pair has resumed lower in wave (y). Bounces now are expected to stay below 86.2, but more importantly below 87.06, for […]

Short term Elliottwave structure suggests decline to 78.93 at 1/20 ended wave ((W)) and wave ((X)) bounce is unfolding as a double three (W)-(X)-(Y) structure where wave (W) ended at 84.1, wave (X) ended at 82.17, and wave (Y) of ((X)) ended at 87.03. From this level, pair turned lower in a double three where […]