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Talking Points -Equal Waves pattern is a simple three wave pattern -Compare the alternating waves of the pattern to determine if they are equal in length -Equal Waves patterns can provide clues about the larger Elliott Wave structure Many traders ask how to begin labeling their chart using Elliott Wave Theory. Try starting with the Equal Waves pattern. The video above describes what the pattern is, how to measure ...
Every trader should have a variety of strategies available to apply to the markets. Having multiple strategies may seem like a complication at first, but having choices can allow traders to react quickly and be able to trade a variety of market conditions. Today we will start a new strategy series by reviewing how to trade inside bars. Let’s get started! What is an Inside bar? Inside bars are easily identified pricing patterns that can be found on virtually any ...
US Dollar Forecast – US Dollar Targets Fresh Highs versus Euro, but What Could Change? The US Dollar finished at fresh multi-year highs versus the Euro and near key peaks versus other currencies, boosted by a sharp improvement in US interest rate expectations on a highly-anticipated Fed interest rate decision. Japanese Yen Forecast – Japanese Yen May Resume Recovery on Year-End Capital Flows The outcome of Japan’s snap election ...
Talking Points -Elliott Wave Theory can provide clues to our location within the EURUSD trend -EURUSD finished a proposed ending wave of an ending wave of an ending wave suggesting a multi-week low on December 8, 2014 -Initial target zone is as high as 1.2900 EUR/USD Daily Chart Fibonacci Wave Ratio Analysis ...
US Dollar Forecast– Dollar’s Six-Month Bull Trend Rides on FOMC The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped this past week for the first time since the mid-October, market-wide slump. British Pound Forecast – British Pound May Finally Mount a Sustained Recovery versus USD The British Pound finished the week modestly higher but continued to trade in a tight range versus the US Dollar. Japanese Yen Forecast – USD/JPY Outlookto Remain Bullish ...
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