At the beginning of September our Elliott Wave analysis of GOLD (XAU/USD) suggested that we were still in bearish cycle from the 1169.9 high. The price was about to complete (X) recovery and were expecting more downside toward new lows below the 1117.47 level. First target came at 0.618-0.764 (W)-(X) at 1114.8-1107.05. Let’s take a […]

Wave X connector might take form of any corrective structure : Zig-Zag, Flat, Double Three, Triple Three, Triangle.. As EWF clients already know, Double three is one of the most common patterns in the Market nowadays. It’s labeled as WXY and wave subdivision is 3,3,3 which means all of these 3 waves are corrective sequences […]

Another instrument which has given us nice trading opportunity is EURJPY. As we forecasted,the pair reached important technical area at 139.849-139.924 that was marked as Red Box on EWF charts (Red Box presents sell recommendation). Now, let’s take a quick look at H4 charts from 8.9.2015. $EURJPY H4 Weekend Update 8.9.2015 The chart suggests the pair is […]

During the summer of 2015. EWF members knew that AUDJPY was in bearish cycle from the 97.255 high, that was looking for further decline toward our target area : 83.814-80.642.  AUDJPY has had one of the clearest structures during that period. Let’s take a quick look at Elliott Wave charts from the 27.July 2015. to […]

Elliott Wave FLAT structure is the corrective pattern which is often seen in the real market. There are 3 types of Flats: – Regular flat. – Expanded flat – Running flat. In this technical blog we’re going to run through Expanded flat example. Expanded Flat is a 3 wave corrective pattern which inner subdivision is […]

Triangle 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 […]