SP500 Elliott Wave Analysis ( 21-05-20 )

SP500 Elliott Wave Analysis ( 21-05-20 )
by | 07/05/2020 | No Comments

   Index : S&P 500   Date : 21st May 2020   Time Frame : 4 Hr    Elliott Wave Analysis :  A quick recap on our blog’s  SP500 Elliott Wave Analysis.   On the 20-02-20, the S&P 500 made an all-time high (ATH) at around the 3397 levels.   Since then, the S&P 500 index has been dropping like a fly, resulting in a massive downward spiral.   From an Elliott Wave perspective, this drop comes in the form of an impulsive [1][2][3][4][5] downward wave in black finishing with an ending diagonal down
Continue Reading

USDJPY ELLIOTT WAVE ANALYSIS ( 07-05-20 )

USDJPY ELLIOTT WAVE ANALYSIS ( 07-05-20 )
by | 07/05/2020 | No Comments

  USD/JPY Elliott Wave Analysis Forex Pair : USD/JPY       Date : 7th May 2020       Time Frame : 4 Hr       Elliott Wave Analysis :       Lest’s start our USDJPY Elliott Wave Analysis on the 4Hr chart.   The chart seems to be showing the possibility of the completion of an internal 5-3-5 ABC corrective structure for the (X) wave of the larger (W) (X) (Y) correction in the higher time
Continue Reading

How To Effectively Interpret Market Structure Using Elliott Wave Analysis?

How To Effectively Interpret Market Structure Using Elliott Wave Analysis?
by | 29/02/2020 | No Comments

In Elliott Wave analysis, guess what is the first thing most traders look out for whenever they open a new chart?   If your answer is "Market Structure", you are spot on.   When it comes to any form of chart analysis, the most important element is ultimately Market Structure, period.   The ability to recognize, understand and interpret market structure is the pinnacle of all forms of price action trading methodologies.   This is especially true for Elliott Wave Analysis.  
Continue Reading

Failure To Adopt A Top Down Approach To The Elliott Wave Principle

Failure To Adopt A Top Down Approach To The Elliott Wave Principle
by | 29/02/2020 | 1 Comment

  Your Starting Point Matters One of the most common mistakes I observed and made as an Elliott Wave Technician is the failure to adopt a systematic and “Top-Down” approach to using the Elliott Wave Principle. According to the Chaos Theory, the apparent randomness of complex and chaotic market conditions often depend on their initial conditions. Thus, we should always strive to start any form of technical analysis right from the top with all the available data if possible. Limited
Continue Reading