In this technical blog we’re going to learn how to identify the most popular among the Elliott Wave patterns: 5 wave Impulsive structure. We’ll get through all conditions which must be met for this popular structure. Many wavers believe that market is always trending in 5 waves, which certainly isn’t the case. Nowadays most markets (with the exception of stock markets) are usually trending and correcting in 3, 7 or 11 swings. The Impulsive structure is not as frequent as it used to be and it must meet all of the rules we’re going to mention. If you don’t follow […]
In this technical blog we’re going to explain what Elliott Wave Flat Pattern should look like. Flat pattern is corrective structure which could be often seen in the market nowadays.There are 3 types of Flats: Regular, Expanded and Running flat. In this technical blog we’re going to run through the Regular flat example. At the graphic below, we can see what Regular Flat structure looks like. Inner subdivision is always labeled as A,B,C and it has 3,3,5 structure. That means waves A and B are corrective structures, while wave C is 5 wave impulsive or ending diagonal pattern. Wave B […]
Zig-Zag is the most famous corrective pattern in Elliott Wave Theory, but in reality we don’t see it very often. These days we could see very nice zig zag pattern that forming in DAX h1 chart. Before we take a look at real example we will explain the Elliott Wave pattern first. Zig zag iz 3 wave corrective Elliott Wave pattern that contains 5-3-5 inner structure. It’s labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C are impulsive or diagonal patterns and they must meet all conditions of being 5 wave structures such as: having RSI […]
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 […]
See Eric Morera explain an ABC (Zig-Zag) Elliott Wave Structure in an interview with Dale Pinkert (@ForexStopHunter). He goes over the 5 key rules that we use at Elliottwave-Forecast.Com to define an ABC structure. Learn to spot what is and what is not an ABC structure with the help of this video.
The $AUDUSD chart below shows forecast from February 19 2016. It suggests the cycle from the 0.69693 short term low has not done to the upside yet, calling for further extension above the previous W high : 0.7242. The pair ended first leg wave ((w)) of Y red at 0.7171 and now it’s showing very interesting price structure, as it broke above the ((w)) high, made new peak at 0.71852 – wave (b) , and turned lower shortly after. While it was pushing lower, it broke the previous short term low at 0.708- wave (a) These kinds of movements are […]