Elliott Wave Theory : Can Wave 4 overlap with Wave 1 ?
The Overlap Rule in Elliott Wave Theory: A Common Misconception One of the most misunderstood rules in Elliott Wave Theory is the overlap rule between wave 1 and 4. I…
Elliott Wave View: GBPJPY Ended Correction
Rally from September 21, 2020 low in $GBPJPY is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 21, 2020 low, wave (1) ended at 140.7 and…
Elliott Wave View: DAX Correction Near Complete
DAX Short term Elliott Wave View suggests that the rally from January 28, 2021 low is unfolding as a 5 waves impulsive Elliott Wave structure. The Index ended wave 3…
Elliott Wave View: BAC (Bank of America) Approaching Potential Support Area
Short term Elliott Wave View suggests that the rally from September 25 low is unfolding as a 5 waves impulsive Elliott Wave structure. 30 minutes chart below shows wave (3)…
Elliott Wave View: Microsoft (MSFT) Starts New Bullish Cycle
Short term Elliott Wave View suggests that the decline to 222.47 ended wave (2). The stock has started wave (3) higher but still needs to break above wave (1) at…
Components of Reliable and Complete Trading System
Elliott Wave Theory is a great analytical tool to identify cycles and chart out a potential path in different time frames. Many traders believe that every single Elliott Wave Chart…
Elliott Wave View: CADJPY Upside Remains Favored
Short term Elliott Wave View suggests that rally from January 29 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 29 low, wave (1) ended…
Elliott Wave View: AUDUSD Rallies Post Fed Meeting
Short term Elliott Wave View suggests that AUDUSD ended wave ((4)) pullback at 0.7617. Pair however still needs to break above wave ((3)) high at 0.8007 to avoid a double…
Elliott Wave View: CADJPY Impulse Rally In Progress
Short term Elliott Wave View suggests that CADJPY's rally from March 1, 2021 low is unfolding a 5 waves impulse Elliott Wave structure. Up from March 1, 2021 low, wave…