AUDUSD Video Elliott Wave Analysis 9.3.2014
Preferred Elliott Wave view suggests move up from 0.9234 is unfolding in 7 swings (WXY) when rally to 0.9373 completed wave “W” and dip to 0.9261 completed wave “X”. Wave “Y” higher is in progress. Pair has already hit 0.618 ext of W-X at 0.9346. 5th swing in a 7 swing structure usually ends between […]
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 […]
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