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Its always could have. People often used the shortened version couldve, which many pronounce as could of. Other examples of this type include should have (shouldve) and would have (wouldve). Hi David, Yes, Rowland and Gemma are correct.
Should have refers to a missed opportunity, an unfulfilled obligation. Should have is often expressed as the contraction shouldve, especially in speech. Shouldve sounds perilously like should of, however should of is not correct and should never be used.
The word should refers to something that one ought to do in the future. Should have refers to something a person ought to have done in the past.
Just remember that could is used to talk about something that can happen, would is used to talk about something that will happen in an imagined situation, and should is used to talk about something that ought to happen or must happen. I hope this helps.
We use should have + -ed form to talk about things that were ideal in the past but which didnt happen. It can express regret: Everyone knows that this is a busy restaurant. They should have made a reservation.
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You know we use should to express an opinion. It is like must but weaker. Yet, it is stronger than could. Use should have been to express what you think should have happened, but did not happen.
He might have succeeded if he had practiced. This sentence suggests there is a possibility of success, not a guarantee. On the other hand, could have implies that had some condition been met, something/someone would definitely have been able to do something.
The use of should of and could of instead of should have and could have is a common grammatical error that stems from the way these phrases are pronounced in spoken English.

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