Elliott saw the same patterns formed in repetitive cycles ... wave 2 doesn’t retrace below $13.30. Wave 3 is usually the longest of the whole sequence and it always completes beyond the peak ...
Before we take a look at the real market example of Expanded Flat, let’s explain the pattern in a few words. Elliott Wave Expanded Flat Theory. Elliott Wave Flat is a 3 wave corrective pattern ...
Current levels of extreme bullish sentiment, plus very distinct Elliott Wave patterns, suggest we are in the middle of a longer-term corrective pattern. Historical parallels, like the 1968-74 ...
The dollar index fell from around 89 to a low of around 77 in October a decline of 13.5%. Naturally ... In all likelihood, an A-B-C pattern down (a three-wave Elliott pattern), and then a rally.
Elliott Wave on EUR and USD Index The Dollar Index exhibits a classic Elliott Wave pattern indicating upside can be limited The bullish sentiment seen in the Dollar suggests caution, as extreme ...