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Elliott Wave Theory

The Elliott Wave theory is all about identifying people’s emotions, which vary from extremely pessimistic to extremely optimistic. But this transition is not random or chaotic. It forms Elliott Wave patterns, which are repetitive. If one knows how the wave pattern looks like and at what stage it is right now, he could be able to predict future developments. This is the true value of Elliott Wave analysis in trading.

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, […]