In this interview by Dale Pinkert at Nov 11, 2015 with our chief currency strategist and founder Eric Morera, we cover the rules and idea of 5 impulsive waves in Elliottwave Theory. Eric explained in this video that in today’s world, trend doesn’t only move in 5 waves, but trend also moves in 3 waves. It’s different than the world in 1930s where the original Elliottwave Theory was founded. This idea of 3 waves as a trend is especially true in the forex market where two central banks are competing with each other. Eric then went on to explain the rules for 5 impulsive waves in this video.
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