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 ...
The Elliott wave principle is a technical analysis method that traders use to analyze the market and identify trends by using the relationship between highs and lows, applying a system developed by ...
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.
Zorrays Junaid has extensive combined experience in the financial markets as a portfolio manager and trading coach. More recently, he is an Analyst with Alchemy Markets, and has contributed to DailyFX ...
U.S. stocks could sink by more than 20 percent if the neckline of a head-and-shoulders pattern on the Dow Jones Industrial Average is breached, according to Elliott Wave International Inc.'s Robert ...
-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 ...
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 our previous update on Tesla (TSLA) from mid-March, when it was trading at around $245, we used the Elliott Wave Principle (EWP) to determine if Morgan Stanley’s (MS) analyst Adam Jones’s January ...
Elliott wave theory may be 90 years old, but it still has its devotees today. Learn how to implement Elliott waves in your trading here. Elliott wave theory is a principle first proposed by Ralph ...
At its recent low, Bitcoin dropped about 37%, retracing just over 31.8% of the previous 3rd wave. Also, from Figure 1, we see ...
Bitcoin's BTC $111.962,70 resurgence this year has convinced many analysts the crypto bear market has ended and the path of least resistance is to the higher side. QCP Capital suggests otherwise.