Last time I wrote about Ending Diagonals but it does not end there with the family of diagonals.  I will briefly go over Leading Diagonals. Contract Leading Diagonals As opposed to Ending Diagonals – the only difference with Leading Diagonals is that it presents itself in wave 1 instead of wave 5. This happens if […]

Diagonals are part of the motive waves family alongside Impulse Waves. The difference with them is that they have slightly different characteristics and some rules do not apply. Rules such as 4 wave not going into wave 1’s territory and this is a must in order to quality as a Diagonal. There are two types: […]

A trader’s journey is typically a long and painful route. Usually, to survive through this process a trader must be very patient with their studying of the market and strategy but simultaneously understand the process and most importantly survive through the journal i.e. not get burnt out, emotionally and monetary. Here is a visual representation […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD .  As our members know, GBPUSD is in process of forming Elliott Wave Zig Zag Pattern in the cycle from the 07.14 low. In the further text we are going to explain the Elliott […]

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Amazon stock.  We have been calling for the rally in the stock due to impulsive bullish sequences in the cycles from the June lows. Consequently, we recommended members to avoid selling the stock, while keep […]

Within the list Elliott Wave corrective patterns, alongside Zigzags, Flats and Complex Corrections we have triangles. Triangles are a sideways correction that occurs only prior to the final wave in the current trend. Therefore, can only present themselves in wave 4, B or X. The only exception they present themselves in wave 2 is if […]