Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPNZD, published in members. As our members know, GBPNZD recently corrected cycle from the  07/30 low. Pull back has unfolded as Elliott Wave ZIG ZAG pattern. After the pull back completed we got expected rally […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDJPY published in members area of the website. As our members know, USDJPY has incomplete bearish sequences in the cycle from the 04/24 peak. That makes the pair bearish against the 109.33 high.  Consequently, we […]

Elliott Wave Structure : Triple Three Corrections Firstly, triple three corrections are a sideways combination of three corrective patterns in Elliott Wave Theory. These corrections are one of the five types of corrective patterns that correct the completed cycle of the prevailing trend. Zigzags (5-3-5), Flats (3-3-5), Triangles (3-3-3-3-3), Double threes which are a combination of […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of Copper.  As our members know , we were calling for decline in Copper. Recently Copper corrected cycle from the April 17th peak. Recovery unfolded as Elliott Wave Zig Zag pattern (A)(B)(C).  Once the price reached […]

Importance of an Elliott Wave ZigZag Fibonacci Extension Firstly the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend so an entry position into the market can be taken. The conventional thought is that the market will trend in impulses of 5, […]

How to Measure Fibonacci Extensions in Elliott Wave Flat Corrections In the first place the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend. The conventional thought is that the market will trend in impulses of 5, 9, & 13 swings. The […]