Elliott wave Principle was develop around 1930’s and since then many traders have been following the theory and applying it in their everyday trading. We all know life is not perfect and nothing is 100% correct, same applies to the Elliott wave Theory. We have been trying over the last 11 years to take away the subjective […]

We conducted a Free Elliott Wave Educational Seminar on Monday, 4th April 2016. If you missed the seminar, you can watch the recording below. In the seminar you will learn about Elliott Wave Principle, the basic rules, Elliott Wave structures and how to trade some of those Elliott Wave Structures. If you like the seminar, […]

XAUAUD rallied from 2008 – 2011 followed by a pull back to 50 – 61.8 Fibonacci retracement zone in 2013. Since then it has been rallying again and now showing 5 swings up fro 2013 low which is in an incomplete sequence and make the instrument bullish against December 2015 low (1434) in first degree […]

Gold (XAU) formed a peak against most major world currencies in 2011. This included XAUAUD, XAUUSD, XAUGBP and XAUCAD while XAUEUR peaked a little later in 2012. This was an important peak and resulted in a few years of downward price action in Gold against all major World currencies. Since December 2015, Gold has been rallying […]

In this video we take a look at the Weeky chart of Crude Oil and in particular the decline from 2011 and 2013 peaks. Structure of the decline from 2011 peak is a FLAT which is a 3-3-5 structure. Wave “c” of an Elliott wave FLAT structure could be an impulse or an Ending Diagonal. […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. Down from this level pair has enough number of swings in place to call a triple three structure completed at 79.25. As this level holds in the dips, pair has scope to put in a 3 or 7 swings bounce in wave (X) which is expected […]