Nikkei has been rallying since April 2014′s low of 13800 in a diagonal. Diagonal is a five swing move with the convergence of boundary lines into a wedge shape. The subdivisions can be either 5-3-5-3-5 or 3-3-3-3-3. Ending Diagonals consist of 3-3-3-3-3 whereas Leading Diagonals can be either 5-3-5-3-5 or 3-3-3-3-3. In the case study below, we would […]

Invalidation levels are key for a waver to label charts and to forecast the markets. Practitioners of Elliott Wave theory also understand that a wave count can change at any moment. As you will see in the charts below, we changed the labeling of the chart to match the wave structure but our bias for AUDUSD […]

From the last week of the June we were telling our clients to take the profits from the short positions in USDCAD and to start looking for buy entries because preferred Elliott wave structure was suggesting price was approaching the inflection area between 1.06345-1.05349 .Let’s take a look at some charts from members area to see […]

AUDUSD is showing an Elliott Wave zig-zag structure down from 0.9505 peak with FLAT in wave B which completed @ 0.9472. Pair has hit C = A @ 0.9294 but can test 1.236 ext of A-B @ 0.9252 to end this structure and then we should see a 3 wave bounce in the pair. [jwplayer […]