Elliott Wave

Elliott Wave Theory: Double and Triple Combinations

Financial markets changed, and they will continue to change, becoming more complex as our society develops. Some markets disappeared, some others were born (e.g., oil, foreign exchange, crypto), and, in time, the cycle will repeat. Due to this complex market evolution, it is impressive how some ...

Fibonacci Ratios to Use With the Elliott Theory

The Elliott Waves Theory was developed in the first half of the 20th century. Ralph Elliott noted that the market forms corrective and impulsive waves when rising or falling. Using an ingenious approach of interpreting market cycles, Elliott defined the waves within the overall theory. First, ...

How to Use the Apex of a Contracting Triangle

Contracting triangles are the favorite way of markets to consolidate. For this reason, whenever it is likely that the market consolidates (e.g., a few days ahead of the NFP – Non-Farm Payrolls report), the chances favor a contracting triangle to form. Various types of contracting triangles ...

Belonging to classic technical analysis patterns, ascending and descending triangles are great patterns to use on the currency market. They have many advantages, such as being visible and easy to spot and interpret. Before presenting a short guide to trading such triangles, it is essential to ...