Monthly Archives June 2020

AUDUSD Elliott Wave Analysis ( 22-06-20 )

AUDUSD Elliott Wave Analysis ( 22-06-20 )

by | 21/06/2020 | No Comments

   AUDUSD Elliott Wave AnalysisForex Pair : AUD/USD Date : 22nd June 2020 Time Frame : 4 Hr  A-Leg In The Larger DegreeLet’s recap our AUDUSD Elliott Wave analysis on the Aussie when it began reversing and gaining strength on the 19th March 2020. The first leg of the rally looks to have kickoff with a 5 wave “Leading Diagonal” chart pattern in the form of wave [1] in black. This is followed by a wave [2] in black in the form of a shallow (W)-(X)-(Y) correction in blue that barely reaches the 38.2% Fibonacci retracement level. Possibly signaling further upside in the 3rd leg of the
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How To Reduce “Ambiguity” From Your Elliott Wave Count

How To Reduce “Ambiguity” From Your Elliott Wave Count

by | 07/06/2020 | 4 Comments

Problem Of Contrasting Elliott Wave Count "Ambiguity" is nothing new in the realm of Elliott Wave Analysis.   If you give any 2 Elliott Wave traders the same set of charts.   Chances are, you will get 2 different opinions of the underlying price action.   Possibly, each with a valid Elliott Wave Count.   And both fulfilling the same set of rules & guidelines set down by R.N Elliott himself.   Research Based Remedy In order to reduce the level of subjectivity in any Elliott Wave analysis we undertake.   A massive dose of "Due Diligence" is often required
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