Elliott Wave Ending diagonal is 5 wave structure which often occurs in last wave C of Flat pattern. Ending Diagonal has 3-3-3-3-3 subdivision, as each of these 5 waves is corrective structure (ABC, WXY or WXYXZ) Let’s take a quick look at Elliott Wave charts of $EURGBP to see what Ending Diagonal looks like and […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM  EST , join Dan there for more insight into these proven methods of trading. $SPX and […]

Best reading of the cycle suggests the decline to 1105.9 ended wave ((W)), then the index bounced in wave ((X)) to 1193.85. From this level, the index has resumed the decline lower with the first leg of the decline wave (W) completed at 1078.63. Wave (X) bounce is currently in progress in 3, 7, or 11 swing. Most […]

Best reading of the cycle suggests that the decline to 1105.9 ended wave ((W)). From this level, the index bounced and ended wave ((X)) at 1193.85. The index has since resumed the decline lower, unfolding in a double corrective structure WXY where wave W ended at 1124.75, wave X ended at 1146.72, and wave Y […]