-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 ...

-Zigzags subdivide as an A-B-C (5-3-5) sequence -Many times, wave C can be estimated using common rations and channeling The sub waves of an A-B-C zigzag appear as 5-3-5 Wave B of the zigzag cannot ...

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 ...

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 ...

Everyone hopes to gain an edge in the markets and develop their trading skills, and while various indicators, analysis tools and methods are available, it is impossible to know which ones will work ...

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 ...

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.

When most people start trading in their own accounts, whether their style is to trade frequently for the short-term or to take a longer-term, “swing trading” view, they are inclined to look for a ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...

The Master Sentiment Index gave strong bull market buy signals last July and October, but the situation still seems incomplete. Bear markets normally have two down waves separated by a bear market ...