DAX WXY Elliott Wave Structure 8.13.2014
DAX is showing 5 swings up from 8.8.2014 low and we believe it’s in a ( w ) – ( x ) – ( y ), also known as double corrective Elliott Wave structure higher. As far as pull backs hold above the trend line and more importantly stay above 9049 level, Index should be […]
WXY (Double Corrective) structure in Elliott Wave
In today’s video we are going to take a look at one of the most mis-believed structures in Elliott Wave Theory i.e. WXY. We don’t call it double zig-zag as the book suggests and prefer to call it a double correction because for double zig-zag, all wave A’s and C’s need to be 5 waves […]
$AUDUSD Elliott wave zig-zag with FLAT wave B
AUDUSD is showing an Elliott Wave zig-zag structure down from 0.9505 peak with FLAT in wave B which completed @ 0.9472. Pair has hit C = A @ 0.9294 but can test 1.236 ext of A-B @ 0.9252 to end this structure and then we should see a 3 wave bounce in the pair.
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