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AUDJPY Running Triangle Structure
Read MoreTriangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. This pattern presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangle is continuation pattern which breaks in direction of the preceding move. It could […]
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Difference between WXY and ABC structure
Read MoreZig-Zag or ABC is the most popular corrective pattern in Elliott Wave Theory. At the mention of the word “correction” many Elliott Wave practitioners would think of a Zig-Zag pattern and that’s one of the traps in modern analyzing . If you expect to see an ABC pattern in corrections every time, you’ll get more […]
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Impulsive 5 wave structure – ground rules
Read MoreIn this technical blog we’re going to learn how to identify the most popular among the Elliott Wave patterns: 5 wave Impulsive structure. We’ll get through all conditions which must be met for this popular structure. Many wavers believe that market is always trending in 5 waves, which certainly isn’t the case. Nowadays most markets […]
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NZDUSD: EWF forecasting the decline & selling the rallies
Read MoreFor the last few months EWF members knew that NZDUSD has been in bearish cycle, which has given us a lot of nice selling opportunities. Suggested strategy was selling rallies in 3,7 or 11 swings. Let’s take a quick look at H1 Elliott Wave charts from the 25. May 2015 to see how we were guiding […]
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Elliott Wave personality and characheristics
Read MoreBesides technical characterists, Elliott wave analysts are also familiar with individual wave personality, which typically reflects the psychology of the moment. In the picture below you can see an example of the rising trend – 5 wave impulsive structure. Wave 1 is rarely obvious at its inception . Traders believe previous trend is still strongly […]
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4 types of Emotions every trader needs to overcome
Read MoreThe psychology behind trading is the force that makes the moves in the market. Besides a good Elliott Wave analysis and proper money management, trading psychology is crucial for being successful in this business. There are four psychological kinds of emotions that drive most individual decision making in any market in the world: Greed, Fear, […]