As Frost & Prechter’s Wall Street classic book, Elliott Wave Principle, says: The Wave Principle is the best forecasting tool in existence. [It] imparts an immense amount of knowledge about the market’s position … and its probable ensuing path.
There’s an old saying on Wall Street that goes “buy low and sell high.” It’s usually said in jest because it’s a feat that’s much easier said than done. History shows that most investors pile into bull markets just as they are about to end, and they do the opposite in bear markets: sell right near the bottom, when the fear is at its highest.
Some Elliott wave forex traders do watch the news — but for different reasons By Elliott Wave International Last Friday, EURUSD rallied strongly. Said Reuters: “The U.S. dollar tumbled against a basket of major currencies…on U.S. political uncertainty after the FBI said it would review more emails related to Democratic presidential candidate Hillary Clinton’s private […]
Elliott Wave International (EWI) is hosting a free Trader Education Week, October 12-18. Register now and get instant access to free trading resources — and you’ll receivemore lessons as they’re unlocked each day of the event. Plus, you’ll be invited to attend a live, online webinar with Jeffrey Kennedy on October 13 and have the opportunity to ask him questions about the lesson he teaches that day.
See examples of a head-and-shoulders pattern in a chart of SPY By Elliott Wave International A head-and-shoulders pattern is one of the most well-known classic chart patterns. In this 4-minute video from Jeffrey Kennedy’s Trader’s Classroom, you’ll see an example of a bearish head-and-shoulders formation and a bullish, inverted head-and-shoulders pattern in the chart of […]
All right, its time to tackle some important questions and controversies. Do cycles exist in financial markets? Even if they exist, can we trade them profitably? Perhaps it’s often debated only on first scale and completely ignored on second scale basis. Let me take a dip into the topic and some insights alongside.
As we can see in the daily chart,If we label 6342 (3 Nov 2013) to 5972 ( 22 Nov 2013) as wave A, gradually wave has to be labeled at 6415 (9 Dec 2013). The C wave has been confirmed when Nifty breached the 38.2% of wave B. Here Nifty have formed ‘ Flat ‘ where B wave is larger than A wave but fails to exceed above 123.6% of wave A