Decline to 89.15 completed wave (W). Pair has since bounced in wave (X) from this level, and the bounce is unfolding in a double corrective structure W-X-Y where wave W ended at 91.79, wave X ended at 90.46, and wave Y is in progress towards 93.08 – 95.24 area to complete wave (X). We don’t like buying the proposed […]

Decline to 89.15 completed wave (W). Pair has since bounced in wave (X) from this level, and the bounce is unfolding in a double corrective structure W-X-Y where wave W ended at 91.79, wave X ended at 90.46, and wave Y is in progress towards 93.12 – 93.75 area to complete wave (X). The internal of wave Y is […]

Zig-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 […]

In 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 […]