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Posts Tagged ‘Wave Analysis’

Basic Wave Patterns: How a Zigzag Differs from a Flat

Basic Wave Patterns: How a Zigzag Differs from a Flat

Basic Wave Patterns: How a Zigzag Differs from a Flat January 21, 2011 By Elliott Wave International The big picture for Elliott wave analysis is five-wave patterns followed by three-wave patterns.  Let’s look at the three-wave corrections more closely to get a bead on how they differ

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76 pips in 1.5 hours

All this is possible with a sling setup that replicates the Elliot Wave

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Wave analysis of USDJPY

The current low of USDJPY has made an extended move of 161.8% of wave 1. It waits to be seen now whether we have a reversal or a revision of the wave count.

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