August 7, 2016
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 […]
August 7, 2016
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.
August 7, 2016
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 […]
August 7, 2016
Triangles are overlapping five wave structures that subdivide into five, three swing moves as 3-3-3-3-3 that give pause and consolidates the progress made during a motive wave trending move that can be either bullish or bearish. In impulsive waves these will be seen only in the fourth waves of a five wave impulse and never seen as a stand alone structure in wave two. It is relatively common seeing triangle structures in three swing moves as the connector wave between the wave W or A with the triangle itself being the wave B or wave X connector. Then the thrust […]
August 7, 2016
In this interview video by Dale Pinkert at July 20, 2015, our chief currency strategist and founder Eric Morera explained how the bounces in $EURUSD from March 2015 low is not a wave 4 as many other wavers label it. Eric explained how he used time and distribution to to conclude that the cycle from 2014 in $EURUSD has already ended, and the pair should go to at least 1.17 – 1.18. This call is contrary to most other forecasting services, banks, and analysts who are still calling for a new low (parity) in $EURUSD. Click here to watch video > Play Video
August 7, 2016
Hello fellow traders, welcome to Elliott Wave Forecast. In this technical blog we’re going to get through some basic stuff of Elliott Wave Theory in order to help you get started with it. Many of you probably already know that Elliott Wave is the most powerful form of Technical Analysis used to forecast financial market cycles and trends by identifying extremes in investors’ psychology. Any possible price structure that could be imagined is already defined in Elliott Wave Theory and there’s an adequate Elliott Wave pattern for it. Learning all those various types of patterns is long term process which […]