The daily Elliott Wave analysis of the Swiss Market Index indicates an ongoing counter-trend correction phase in gray wave 2 following the completion of gray wave 1. This current phase is in ...
We will cover here the most basic forms, but there are a lot of them that you can find in the excellent book Elliott Wave Principle: Key to Market Behavior written by Frost and Prechter.
It explains a fractal market in which each wave churns out similar patterns within progressively lower and higher time frames. Elliott Wave Theory (EWT) occupies an odd position in market lore ...
XRP continues to be a focal point in the cryptocurrency market, especially with the application of Elliott Wave analysis. This technical framework not only helps traders anticipate price movements but ...
A downsloping trendline drives the current correction in this altcoin. Elliott Wave analyst hints the TON price is poised to enter the 5th impulse wave. During Monday’s U.S. market session, the crypto ...
He based his argument on Elliot Wave analysis, which points to a jump to $40. Cardano’s MVRV indicator has crossed the key resistance at 3. Cardano price suffered has suffered a harsh reversal, ...
“Bear” and “bull” are two terms used to describe different parts of the market cycle, and they can tell investors a lot about what’s going on in the economy. A bear market is a prolonged ...
But since Elliott Wave analysis is a 5-wave construct ... which can set off a decade long correction and bear market in gold, which can point us back down toward the 1000-1300 region in gold.