Preferred view suggests wave (( B )) has completed at 1.5355 and pair has resumed the decline in wave (( C )). Wave B pull back is expected to fail between 1.5186 – 1.5225 and  should stay below 1.5355 peak for this view to remain valid which calls for another leg lower toward 1.4747 – […]

Triangle thrust in progress Pair is nearing completion of wave (( a )) and should pull back in wave (( b )) after a marginal new high. Following wave (( b )) pull back, we expect the pair to trade higher toward 1.10 and may be even as high as 1.11 area to end a […]

Key Taking Points 1) Why Elliott Wave Theory needs to be adjusted to present times 2) What EWF has done to remove the suggestive element from Elliott Wave Theory 3) How to use Elliott Wave as a more practical trading tool 4) Use of EWF proprietary system to keep clients on right side 5) Introduction […]

Preferred view is that wave X has completed at 1.0637. While above this level, more strength is expected toward 1.0835 – 1.0875 to complete wave “b” on the daily time frame. Hourly cycles are positive so we don’t like selling in proposed wave ( b ) pull back.

EURUSD is getting close to 1.618 ext of 1.3893 – 1.3727 drop which should ideally complete wave (( iii )) down. Alternatively, pair is already in wave (( iv )). While below 1.3694 (50 fib), expect at least 1 more leg down in the pair to complete a 5 wave structure [jwplayer mediaid=”146150″]

The cycles from 102.47 appears to have completed and pair is in wave X. The trend & cycles are positive so we don’t like selling the pair but corrective dips in 3, 7 or 11 swings ideally toward 103.59 – 103.95 area would offer a buying opportunity. This view is valid as far as pivot […]