Elliott waves for Forex correlation analysis

As anticipated, the price managed to update this year’s high. This could have been a signal for buyers to step back, as the upward impulse structure has now been fully formed. However, as often happens, the price tends to make one last attempt to break higher, shaking out those who believed too ea

The situation with this trading asset is developing according to the previously outlined plan. The price of digital gold has broken out of its sideways range and started to rise toward the 95000 mark. Most likely, this is an impulsive movement. Currently, the third wave is forming within this impu

Contrary to growth expectations, the index value declined, though not critically. The drop occurred as part of a correction forming within the assumed wave (b) of a horizontal triangle. This presents an opportunity to buy at more favorable prices. The probability of a new upward move remains quite