Preferred Elliott Wave view suggests pair ended wave W at 1.9235, wave X bounce is in progress and taking the form of a (( w )) – (( x )) – (( y )) Elliottwave structure. Wave (( w )) ended at 1.9772, wave (( x )) at 1.9323 and wave (( y )) is […]

In this educational video, we are going to take a look at WXY Elliott wave structure which is one of the most important structures in the market. We explain why a WXY structure is not always a double zig-zag and hence the reason we call it a double corrective Elliottwave structure instead of a double […]

At the end of December 2014. USDCAD was doing bullish triangle in wave X connector. Wave ((c)) of triangle reached important technical area at 1.1583-1.1572 and rally was expected from there. We suggested our members to play long side in this pair against wave (( a )) of the triangle low at 1.5559. This was the […]

Wave (( X )) ended at 1.4610 and short-term wave X is also proposed to be over at 1.4402. Following a bounce in wave (( x )), expect another swing lower toward 1.3951 – 1.3845 area before next 3 wave bounce is seen. We don’t like buying the pair in proposed bounces and favour the short […]