In this video we take a look at FTSE decline from the recent peak which visually looks to be a 5 wave move. We dissect the price action and show the viewers why we don’t see the decline as a 5 wave move and rather as a triple three (w)-(x)-(y)-(z) structure. Learn more how to trade with Elliottwave and receive forecasts in 4 time frames, live session, and trading signal by signing up 14 days free trial here
Impulse wave vs WXYZ
Elliottwave
Get the Elliott Wave Trading Mastery Bundle — Free
100% FreeLearn how to read the markets with more structure using practical guides on:
- Elliott Wave rules and market structure
- Fibonacci levels and price targets
- 3, 7 and 11-swing patterns
- Forex, stocks, ETFs and crypto
- Technical analysis and risk management
Plus, get free market insights, educational emails, and our Chart of the Day to keep building your skills.
Start learning today — no cost, no card required.
Related Articles
Elliottwave
XAGUSD – Turns Higher After Hitting Extreme Area
Hello Traders, in today’s blog we’re reviewing the $XAGUSD wave count shared with members, which...
Elliottwave
Elliott Wave Double Three Pattern: A Practical Guide to WXY Corrections
The Elliott Wave Double Three is one of the most practical corrective patterns for traders....
Blue Box WinsElliottwave
Don’t Chase Price: The Power of the 3-Wave Pullback
Many traders make Elliott Wave more complicated than necessary. Instead of trying to memorize every...