Start your week with advanced Elliott Wave analyses

Receive latest analyses today

Subscribe now

Elliott Wave Principle and How It Works

The Elliott Wave principle is a form of technical analysis, which is used to analyze market trends, locate extremes in investors’ psychology and forecast future market trends. Ralph Nelson Elliott discovered that stock market prices trend and reverse in recognizable fractal patterns, called waves. The theory can be validated by using the Fibonacci sequence and…

Read More »

GBPUSD and the Fibonacci magic

GBPUSD formed a top at 1.6822 on February 17th 2014 and has been in corrective mode for more than a month, bottoming at 1.6460 on March 24th. If we look at the 4-hour chart of GBPUSD, we could see that the price action has formed a classical 5-3 Elliott Wave pattern. What is more interesting…

Read More »

Crude Oil still bearish

Crude oil fell in five waves from 105.20 to 97 dollars. This whole decline happened, despite the Russia-Ukraine conflict and the expectations that it will push prices higher. It happened, because fundamental factors, news and events lag the market and have no impact on it in the long term. And just when everyone accepted that…

Read More »

Be careful with USD/JPY

USD/JPY rose significantly yesterday after the FOMC reports and during Janet Yellen’s speech. Does that post-news strength provide enough of a reason to start buying? Considering that our previous analysis is still valid, we think you ought to be careful with USD/JPY. Let’s see how it has been developing by now. To make that count more…

Read More »

Gold is going south

Five waves down, three waves up. In terms of the Wave Principle, gold is going south. Entry between 1385-1387, invalidation level at 1392. First target 1373.

EUR/AUD buying chance

EUR/AUD buying chance could be in place. A five-wave impulse with an extended fifth wave, followed by a zig-zag, that retraces the entire extension at the 61.8 Fibonacci level. From an Elliott Wave point of view, we have plenty of reasons to go long here. Invalidation level at 1.5150, first target above 1,5540.

USDCAD could go higher

An impulsive advance in combination with a flat correction, suggests that USDCAD could go higher. If we add the 38.2% Fibonacci level to the analysis, we will have one more reason to expect a move to the upside.

USDJPY, still bearish in the long term

Not many changes since our last post on USDJPY, except the better entry, which we now have for a long-term position. On the 4-hour chart, our count starts from the end of that truncated fifth wave. We have a complete 5-3 cycle. According to the Elliott Wave Principle, we are waiting for another drop-off. Considering our…

Read More »

EUR GBP Cross Rate

Both EUR and GBP look weak against the US dollar, but which one of them is weaker, compared to the other? There are two wave counts on the charts below, suggesting that the EUR should be stronger than the GBP in the long term.        

Leonardo Fibonacci and The Golden Ratio

Leonardo Fibonacci (1170-1250) is an Italian mathematician, founder of “the Fibonacci sequence” of numbers, where  each number is the sum of the previous two: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987 etc.          There are several manifestations of the so called “Golden Ratio”, which can…

Read More »