Elliott Wave FLAT structure is one of the most common corrective patterns nowadays, after Double Three WXY. As you might already know, there are 3 types of Flats: Regular,Running and Expanded. In todays lesson, we’re going to explain Expanded flat pattern. Before we continue, short reminder: check out New EWF blogs and Free Elliott Wave charts. […]

Many Traders after the 2008 decline around the World Indexes have developed this idea that Indexes need to crash and see a decline bigger than the one seen in 2008. We at Elliottwave Forecast, have never agreed with the Idea and have always been bullish the Indexes, not only due to the Technicals but also due to […]

Short term Elliott Wave cycle suggests decline to 86.35 ended wave 3. From this level, pair has started wave 4 bounce in 3 swing and ideally reach 87.6 – 88 area before the decline resumes. As far as wave ((iv)) pivot at 88.9 stays intact, pair is expected to resume lower once wave 4 bounce is complete. […]

We have 2 important news events for British Pound on Wednesday 12.16.2015 -Average Earnings Index at 9:30 AM GMT (UK Time) -Claimant Count Change at 9:30 AM GMT (UK Time) Both news events could bring some volatility into GBP pairs on Wednesday morning, however $GBPUSD will be more affected by the $USDX reaction on the FOMC events at evening […]