I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like.
Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves.
Hello traders! Today we will talk about EURNZD which has pretty clear pattern.
When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice.
Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which...