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Eliott Wave

USDCHF In Correction Pattern

The current USDCHF structure suggests that a bullish zigzag is forming. The primary degree pattern consists of waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓐ completed in a 5-wave impulse, and wave Ⓑ in a simple zigzag (A)-(B)-(C). Similar to wave Ⓐ, wave Ⓒ is… Read More

XAUUSD 5th Wave Now Underway!

The XAUUSD structure shows a bullish impulse consisting of waves ①-②-③-④-⑤. A double zigzag completed the corrective move in wave ④. The complex pattern consists of intermediate waves (W)-(X)-(Y). This is now followed by the final… Read More

DXY Correction A Triple Combo?

The current DXY structure shows a triple zigzag in cycle wave IV. The corrective leg consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Following the completion of correction wave Ⓨ, prices moved up in wave Ⓧ. However, wave Ⓧ is not yet complete.… Read More

USDCNH in Zigzag Pattern?

The current USDCNH structure shows a completed bullish impulse consisting of primary waves ①-②-③-④-⑤. The 5-wave pattern is part of wave a of a cycle degree a-b-c formation. Cycle wave b is a bearish zigzag consisting of waves Ⓐ, Ⓑ, and… Read More

NZDUSD Stalls Ahead of Last Leg

The current NZDUSD formation hints to a bullish zigzag consisting of waves Ⓐ-Ⓑ-Ⓒ. The primary-degree structure suggests that waves Ⓐ and Ⓑ are complete. On the other hand, the impulse wave Ⓒ is still under development. It has completed… Read More

USDCAD Double Zig-Zag Underway

USDCAD seems to be forming a double w-x-y zigzag of the cycle degree. Wave w of the bearish structure consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. Currently, we are in intervening wave x which will complete in a Ⓐ-Ⓑ-Ⓒ pattern. Since wave x is… Read More