August 7, 2016

Interview with Eric Morera: ABC (Zig-Zag) Elliott Wave Structure

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

$AUDUSD Expanded Flat Pattern

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

Elliott Wave Theory Structure : A Running Triangle

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 […]