Elliott waves for Forex correlation analysis

Buyers have encountered difficulties in resuming the upward impulsive movement. Their hesitation was exploited by their counterparts, leading to another step down on the descending path. This price movement aligns well with the expected development of the correction, likely taking the form of a do

Concerns that the correction was not yet complete have been fully justified. The price, failing to start an upward movement, plummeted sharply. Now, the wave pattern looks more like a reasonable correction. Buyers now need to manage to pull out of this steep decline; otherwise, serious problems co

No significant changes occurred during the last trading day. Following a fairly active decline, the market entered a relative lull, likely due to the development of corrective wave 4. If this is indeed the case, we may soon see an attempt to rise, which will likely fail. The price will then resume