The Elliott Wave principle was first developed by an accountant, Ralph Nelson Elliott, to describe, and ideally predict, market cycles. Utilizing technical analysis and group psychology, it identifies ...

-Lack of bounce and break below 1178 suggests we’ll likely visit 1105 and possibly 956 The USDOLLAR has been a stellar currency over the past several weeks. That outperformance has also anchored lower ...

When it comes to Elliott Wave principle, the most important thing for me is to focus on clear wave structures. I don’t want to spend time on price action that is messy, choppy, and very hard to read.

Three year expanded flat pattern on EURUSD is nearing completion The final wave of the flat is shaping as ending diagonal We are anticipating the diagonal to finish below 1.2288 EUR/USD Elliott Wave ...

EURGBP chart shows a clear Elliott Wave zigzag pattern including an ending diagonal. This pattern combination offers a clear set up with a positive risk to reward ratio. When trading, I am looking for ...

From my experience, the up and down patterns formed by the price movements of the market, called Elliott Waves, are unpredictable in themselves. In practice there are simply too many possible ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. The Elliott Wave Principle has a history of controversy. It was discovered by R.N. Elliott in the mid-1930s. Its ...

Even before I start writing this story, I can see critics saying that all this analysis is after the fact. Well, I can show you plenty of examples where the technique that is being discussed below was ...

In essence, Elliott Waves describes price movements as alternating between impulsive phases that establish the direction of the trend and corrective phases that oppose the direction of the trend. It ...