Hello fellow traders. As you may have noticed, we were doing a lot of free educational blogs, explaining various Elliott Wave Patterns through real Market examples. Now we challenge you to Take this short test and check your Elliott Wave knowledge.
Test your Elliott Wave knowledge
Chart below is our Elliott Wave forecast of NZDJPY made on 03.02.2017
Due to incomplete bearish structure in higher time frames, we were calling for further decline in the pair once X red recovery completes at 81.379-81.555 area. Take a close look at the price structure and try to answer on the question below.
X red recovery is labelled as which Elliott Wave pattern ?
1) Zig Zag
2) Double Three
3) Flat pattern
The index is bullish against the 11719.14 low and we expect ((x)) black pull back to complete at 11924.9-11871.9 area.
Question is: how many swings ((x)) black pull back is showing as of right now ?
1) Five swings
2) Seven swings
3) Nine swings
The last chart is CL_F 1 hour EllIott Wave Forecast from 03.07.2017
Oil is expected to find sellers at 53.65-54.19 area, complete ((x)) recovery there and make further decline toward new lows.
Considering that ((x)) black recovery is having form of Double Three pattern, what is the inner labeling ?
1) a,b,c red
2) (w),(x),(y) blue
3) w,x,y red
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