In this video we take a look at 5 wave structure. We take a look at rules to label a move as an impulse and also highlight the fact that wave 1, 3 and 5 of an impulse need to further sub-divide in 5 waves and wave 5 should provide divergence in RSI with respect […]

Since 2011 AUDUSD is on a corrective WXYZ Elliott Wave structure on the weekly chart. On the bigger time frames (Weekly, Daily and 4h) AUDUSD has been moving on a clear down trend. So to enter a trade you must ask yourself, which side would you trade this pair. Would you BUY or SELL it? […]

Preferred Elliott Wave view suggests rally to 11455 completed wave (( w )) and dip to 11186 completed wave (( x )) as a FLAT correction. Wave ((y)) ended at the top and best reading of the cycles suggests that this pull back would turn out to be another wave ((x)) finding buyers in 3, 7 […]

An Elliott Wave Flat structure is a 3-3-5 structure and has three different types: Regular Flat, Expanded / Irregular Flat, and Running Flat. In this blog, we will take a look at an example of expanded / irregular Elliott Wave structure with $GBP/USD chart. Let’s take a look at the 4 hour chart below:   […]