Preferred Elliott wave count suggests that rally to 0.776 ended wave ((w)) and wave ((x)) pullback is proposed complete at 0.7673. Rally from there is unfolding as a double three and there’s enough number of swing to call wave “w” completed although a marginal high still can’t be ruled out towards 0.774 area. Pair is expected to pullback […]

Preferred Elliott wave count suggests that rally to 0.776 ended wave ((w)). Pullback from there is unfolding as a double three where wave (w) ended at 0.7634 and wave (x) ended at 0.775. While pair remains below wave ((w)) at 0.776, expect pullback to continue in wave (y) of ((x)) towards 0.759 – 0.762 area before pair resumes the rally higher. […]

Hello fellow traders. In this technical blog we’re going to present you another example of Elliottwave Expanded Flat structure. On the 4th August, $USDCAD broke the 1.3000 low and the day after  gave us very sharp rally of approximately 180 pips, breaking the previous high at 1.31475. Most of the traders would characterized this price […]

Preferred Elliott wave count suggests that rally to 1.00 ended wave (W) on 8/8. Decline from there is unfolding as a double three where wave W ended at 0.9954 and wave X ended at 1.00. Wave Y is in progress with internals as a zigzag where wave ((a)) ended at 0.9895 and wave ((b)) is proposed […]