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Elliott wave

Human emotions vary from extremely pessimistic to extremely optimistic. But this transition is not random or chaotic. It is patterned, and the pattern is repetitive. If one knows how the pattern looks like and at what stage it is right now, he could be able to predict future developments. That is the true value of the Elliott Wave Principle.

How To Read A Corrective Combination

usdjpy double three combination example

Corrections are movements against the larger trend. So, when the correction is over, the larger trend should resume. Those of you, who are familiar with the Elliott Wave Principle, know that there are three types of corrective patterns – zig-zags, flats and triangles. In our Elliott Wave Patterns lesson we have discussed all three of them. Usually, […]

A Confusing Type of Flat Correction

silver flat triangle b

In our Education Section there is a lesson, called “Elliott Wave Patterns”, where you can learn in details about all three variations of the flat correction. The most important thing you should know about a flat is its wave structure. It consists of three waves, labeled A-B-C. Waves A and B have three sub-waves, while […]

Where to start your Elliott Wave count from?

elliott wave counts example 1

The Elliott Wave Principle gives best results only when it is correctly applied. Furthermore, it does not provide mechanical signals like most other technical approaches. In order to be able to see the present situation with all the probable alternative counts, one must have trained eye, creative imagination and patience. Once mastered, the Wave Principle […]

Ending Diagonal? What is this?

In conventional technical analysis they call it “wedge”. In Elliott Wave analysis we call it “ending diagonal”. Both terms imply the same thing – reversal ahead, but since we work with the Wave Principle, we will refer to it as an ending diagonal. So, what is it? On the example chart below you can see […]

What is an Expanding Triangle?

In terms of position of occurrence, wave structure and consequences the expanding triangle is the same as the regular contracting triangle. It can occur as a wave X, wave B or wave 4. It is a sideways movement. It consists of 5 waves marked a-b-c-d-e, structured 3-3-3-3-3. It also precedes the final movement of the […]