Short term Elliott Wave view suggests wave ((w) decline from 96.16 is in progress and taking the form of a double three wxy where wave w ended at 94.09, wave x bounce is in progress and expected to complete at 94.94 – 95.37 as a FLAT, then it should turn lower one more leg in wave y towards 92.74 […]

Short term Elliott Wave view suggests wave ((w)) decline from 96.16 is in progress and taking the form of a double three wxy where wave w ended at 94.09, wave x bounce is in progress and expected to complete at 94.74 – 94.94, then it should turn lower one more leg in wave y towards 92.74 – 93.4 […]

The short term Elliott Wave structure suggests the pair should be closing in on the completion of the blue (w) into the 94.00 handle.  We expect the pair to rally in a corrective 3, 7, or 11 wave structure off this inflection zone to form blue (x) wave higher in the near term.  This three […]

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Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. This pattern presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangle is continuation pattern which breaks in direction of the preceding move. It could […]

Wave ((w)) decline from 97.16 is unfolding in a double three structure (w)-(x)-(y) where wave (w) ended at 95.35, wave (x) ended at 96.04, and wave (y) is in progress towards 93.84 – 94.26 to complete wave ((w)). From this area, the pair is expected to bounce in wave ((x)) before resuming lower again. We don’t […]