EURGBP chart shows a clear Elliott Wave zigzag pattern including an ending diagonal. This pattern combination offers a clear set up with a positive risk to reward ratio. When trading, I am looking for ...

-Zigzags subdivide as an A-B-C (5-3-5) sequence -Many times, wave C can be estimated using common rations and channeling The sub waves of an A-B-C zigzag appear as 5-3-5 Wave B of the zigzag cannot ...

The Elliott wave principle is a technical analysis method that traders use to analyze the market and identify trends by using the relationship between highs and lows, applying a system developed by ...

The primary wave count on the daily Usd/cad chart is showing early stages of a huge uptrend, since the 1.0205 lows were reached. We are looking for a completed black wave II at 1.0223, followed by a ...

The Elliott Wave principle was first developed by an accountant, Ralph Nelson Elliott, to describe, and ideally predict, market cycles. Utilizing technical analysis and group psychology, it identifies ...

When it comes to Elliott Wave principle, the most important thing for me is to focus on clear wave structures. I don’t want to spend time on price action that is messy, choppy, and very hard to read.

A five wave pattern shown from the 69.45 low is very near to completion. Our blue wave (5) is a final leg of that pattern is showing the structure of an ending diagonal, which signals for a coming ...

Today we sit down with Elliott Wave International's Futures Junctures Editor and Senior Tutorial Instructor Jeffrey Kennedy to discuss his favorite wave pattern of all: the diagonal. EWI: You say if ...

In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in ...