Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Could A Big Move In The Global Stock Markets Be Setting Up? - 25th Jun 18
Soybean Price Hits 9 Year Low Due to Trade War - 24th Jun 18
Small Cap Stocks, Technology and Pharma To Drive A Renewed Market Rally - 24th Jun 18
Gerald Celente: Why You Still Need Guns, Gold, and a Getaway Plan... - 23rd Jun 18
Cheap Gold Stocks Bottom Basing - 23rd Jun 18
A Trade War Won’t Be Good for the US Dollar - 23rd Jun 18
SPX/Gold, Long-term Yields & Yield Curve 3 Amigos Update - 22nd Jun 18
Gold - How Long Can This Last? - 22nd Jun 18
Dow Has Fallen 8 days in a Row. Medium-long Term Bullish for Stocks - 22nd Jun 18
Trouble Spotting Market Trends? This Can Help - 22nd Jun 18
Financial Markets Analysis and Trend Forecasts 2018 - A Message from Nadeem Walayat - 21st Jun 18
SPX Bouncing Above Support - 21st Jun 18
Things You Need To Know If You Want To Invest In Bitcoin Now - 21st Jun 18
The NASDAQ’s Outperformance vs. the Dow is Very Bullish - 21st Jun 18
Warning All Investors: Global Stock Market Are Shifting Away From US Price Correlation - 20th Jun 18
Gold GLD ETF Update… Breakdown ? - 20th Jun 18
Short-term Turnaround in Bitcoin Might Not Be What You Think - 19th Jun 18
Stock Market’s Short Term Downside Will be Limited - 19th Jun 18
Natural Gas Setup for 32% Move in UGAZ Fund - 19th Jun 18
Magnus Collective To Empower Automation And Artificial Intelligence - 19th Jun 18
Trump A Bull in a China Shop - 19th Jun 18
Minor Car Accident! What Happens After You Report Your Accident to Your Insurer - 19th Jun 18
US Majors Flush Out A Major Pivot Low and What’s Next - 18th Jun 18
Cocoa Commodities Trading Analysis - 18th Jun 18
Stock Market Consolidating in an Uptrend - 18th Jun 18
Russell Has Gone Up 7 Weeks in a Row. EXTREMELY Bullish for Stocks - 18th Jun 18
What Happens Next to Stocks when Tech Massively Outperforms Utilities and Consumer Staples - 18th Jun 18
The Trillion Dollar Market You’ve Never Heard Of - 18th Jun 18
The Corruption of Capitalism - 17th Jun 18
North Korea, Trade Wars, Precious Metals and Bitcoin - 17th Jun 18
Climate Change and Fish Stocks – Burning Oxygen! - 17th Jun 18
A $1,180 Ticket to NEW Trading Opportunities, FREE! - 16th Jun 18
Gold Bullish on Fed Interest Rate Hike - 16th Jun 18
Respite for Bitcoin Traders Might Be Deceptive - 16th Jun 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

One Market concept and The Elliott Wave Theory

InvestorEducation / Elliott Wave Theory Jan 29, 2018 - 06:18 AM GMT

By: ElliottWave-Forecast

InvestorEducation

The Elliott wave Theory is a form of Technical analysis that traders use to analyse the market and forecast the trend and we will explain how we use it for One Market Concept. The Theory was developed by Ralph Nelson Elliott, around 1930. The Theory is based on the idea that the Market advances in 5 waves and pullbacks in 3 waves. As we mentioned earlier, the Theory was developed in 1930;s and most of the study was based in Indices and with only observation, Mr.  Elliott did not have many tools or Instruments to use or to compare. Right now, we are in 2018 and the world has changed, also technology has come a long way. We at www.Elliottwave-forecast.com have noticed from years that the old Theory is not enough and can be used but needs to be combined with other tools and ideas. We have worked constantly for many years to improve the Theory and make it better. We are working to adapt to a more reliable and practical system.


One of the Ideas which we have developed is a concept of “One Market”. We will explain how it works and why it is needed to improve the accuracy of the forecast and hence the trading results. The Elliott wave Theory is famous for always having more than one possible path and we see many traders following a principal path, then they have a series of alternative paths just in case the principal path doesn’t work. From experience, we have concluded it’s hard to trade this way, so we add many tools to a system in order to help The Elliott wave Theory and remove the suggesting nature of the Theory. The idea that each move can be seen in different ways is not reliable enough for you to place your money on one idea or side of the Market. The One Market concept follows as many instruments around the group and divides the instruments into groups and follow cycles and sequences for each instrument and groups and most of everything correlated them into a higher degree path, which always is more reliable than that following only The Elliott wave Theory. We have been using this concept for a long time at www.Elliottwave-forecast.com and have been able to be in the right side most of the time and to forecast many big turns in the Market only base in the one market concept. The following example is showing the reality of current trading. We will be using the $USDZAR and $EURUSD as an example, both pairs are $USDX  related and both the $USDX and $EURUSD base in the simple Elliott wave Theory can be labelled in 5 waves, if the waver is not following a dip system and only the Elliott wave Theory like was developed in 1930. The following chart show

USDZAR Daily Chart Elliott Wave Analysis – One Market Concept

$USDZAR which shows 2 different cycles and bearish sequences since the peak in 2016, the instrument cannot be labeled as an impulse and can only be labeled as either ABC from the peak or an impulse wave 3, which both are viewed as bearish the pair. The other is the EURUSD from lows in 2016 have 2 paths, either a 5 waves advances and a huger declined or more upside into the 100% from lows in 2017, which should take it minimum at 1.32-1.4000 area.

EURUSD 5 waves advances

EURUSD ABC Elliott Wave Path

The 1930 Elliott wave Theory will not tell you which path will be valid, but the One Market concept is giving the ABC path a much higher probability than the 5 waves. This is an example of how we use Elliott wave Theory at www.Elliottwave-forecast.com which is different and most up to date than most traders, we are living in 2018 and using the tools which current times are providing to us.

By Ayoub Ben Rejeb

https://elliottwave-forecast.com

ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including Forex majors & crosses, Commodities and a number of Equity Indices from around the World. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Elliott Wave Setup .

Copyright © 2018 ElliottWave-Forecast - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules