Elliott Wave Analysis of Forex

If you are trading in the Forex markets, and wish to learn how to use Elliott Wave Analysis to trade currencies profitably, then you should start by reading the book “Elliott Wave Principle Applied to the Foreign Exchange Markets” written by Robert Balan. I have had...

How to trade a head and shoulders chart formation

The Head and Shoulders formation in probably the best known formation among traders. This post looks at how to trade this chart pattern. First, when you seek to identify a formation as a head and shoulder top, you are trying to figure out a ‘reversal’ pattern. This is...

Elliott and Gann – A winning combination

If many traders are intrigued by Elliott Wave Principle, then it is fair to say that most traders are foxed by Gann. It is fair to say that anyone who can master both Elliott and Gann has with him a very powerful winning combination. In this page, I am going to use...

Elliott Wave Analysis of Gold

Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge...

S&P500 index: Is a top already in place?

First, remember that we are not discussing a major top for S&P500. What we are focusing on now is the top around 875 because we determined that a five wave rally that had a diagonal triangle in its fifth wave position is badly in need of a correction! Having...