Elliott waves for Forex correlation analysis

The price attempted to decline even further, but as soon as the local minimum was updated, buyers quickly stepped in, pushing the price back to more comfortable levels for them. It is possible that this decline completed the formation of the corrective wave 2, and the observed recovery attempt mar

The price did indeed update the local minimum and then immediately reversed and began to rise. This might indicate the completion of the rather peculiar corrective wave 2. If so, the price could significantly increase as the third impulsive wave in the upward movement develops. However, setting la

As anticipated, the activity in the analyzed trading pair has started to decline. Price movements have become smaller, and no significant price levels have been updated. It is likely that a correction is forming, which is wave 4. However, given the rapid development of the downward impulse, a prol