Starting the month of August, our Elliott Wave analysis for GBPCHF was calling for more downside in this pair. Our members knew a cycle has ended in GBPCHF and a new short term trend to the downside was to begin. As you can see in the first chart below, the RED arrow is calling for […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily from 12:00 PM EST until 1:30 PM EST, join Dan there for more insight into these proven […]

Nikkei has been rallying since April 2014′s low of 13800 in a diagonal. Diagonal is a five swing move with the convergence of boundary lines into a wedge shape. The subdivisions can be either 5-3-5-3-5 or 3-3-3-3-3. Ending Diagonals consist of 3-3-3-3-3 whereas Leading Diagonals can be either 5-3-5-3-5 or 3-3-3-3-3. In the case study below, we would […]

Invalidation levels are key for a waver to label charts and to forecast the markets. Practitioners of Elliott Wave theory also understand that a wave count can change at any moment. As you will see in the charts below, we changed the labeling of the chart to match the wave structure but our bias for AUDUSD […]

From the last week of the June we were telling our clients to take the profits from the short positions in USDCAD and to start looking for buy entries because preferred Elliott wave structure was suggesting price was approaching the inflection area between 1.06345-1.05349 .Let’s take a look at some charts from members area to see […]

One of the most common patterns in New Elliott Wave theory is 7 swings structure (double three). We spot it in the market every day in many instruments. It’s a very reliable structure by which we can make good analysis and what is most important it’s giving us good trading entries with clearly defined invalidation […]