Explore the fundamentals and advanced concepts of Elliott Wave theory, a powerful tool for forecasting market trends through wave pattern analysis. This tag covers Elliott Wave principles, practical applications, market examples, and trader insights to help you master one of the most respected technical analysis methods.
Price has completed a strong advance and is now showing corrective, overlapping behaviour 📉, suggesting the impulsive move is likely complete. The current pullback is being treated as a developing wave ii, with the preferred interpretation being a flat structure 🔄. At this stage, patience is required ⏳. Rather than anticipating continuation, the focus is on allowing wave ii to fully form, which … Read more
Flat Correction Elliott Wave: Complete Guide with Fibonacci Levels & Trading Rules Master sideways Elliott Wave corrections with professional analysis, Fibonacci extensions, and proven trading strategies 🎯 Flat Correction Structure Breakdown: Wave Component Wave Structure Trading Implication Wave A 3-wave sideways pattern (initial correction) Establishes correction support level – signals consolidation beginning Wave B 3-wave … Read more
📚 ELLIOTT WAVE ZIGZAGS: Complete Guide & Fib Relationships Master the Most Common Corrective Pattern | Rules, Guidelines & Trading Applications 📖 What is a Zigzag? A zigzag is one of the most common Elliott Wave corrective patterns. It consists of three waves (A-B-C) that move sharply AGAINST the larger trend, creating a distinctive “Z” … Read more
📊 XAUUSD DAILY MARKET ANALYSIS January 6, 2026 | Daily Timeframe | Running Contracting Triangle 🎯 Market Overview Instrument:XAUUSD (Gold) Timeframe:Daily (1D) Current Price:4,547.00 Macro Trend:Bullish (Triangle compression phase) 📈 PRIMARY COUNT – RUNNING CONTRACTING TRIANGLE Pattern: Running Contracting Triangle (Wave C leg) Structure: Waves I-II-III-IV-V (completed) → Corrective A-B in place → Triangle forming … Read more
📊 XAUUSD INTRADAY ANALYSIS January 6, 2026 | 4H Timeframe 📊 Session & Context Instrument:XAUUSD (Gold) Timeframe:4H Date/Session:January 6, 2026 | Asia/London Trend Context:Trend Context: Bullish (Wave C – expanding flat in larger correction) 📈 Current Structure Wave Label: Wave C – Contracting Wedge Formation Intraday Bias: SELL 80% XAUUSD forming tightening wedge on 4H. … Read more
On the 15‑minute chart, GOLD (XAUUSD) continues to grind higher within the current impulse, with price now working through wave (5) of this sequence. Wave (4) has reacted cleanly from support, holding above the prior wave (1) high at 4419.837, which keeps the impulsive structure in GOLD (XAUUSD) intact and validates the immediate bullish bias. Using the length of … Read more
This GOLD (XAUUSD) analysis – Elliott Wave update looks at the developing corrective structure in wave b within the broader market context, using the 4‑hour chart to map the triangle and key support zones. Current intraday structure On the 4‑hour chart, GOLD (XAUUSD) shows wave ((C)) of b potentially taking the form of an expanding triangle in … Read more
Wave iv flat correction above support GBPUSD Elliott Wave analysis currently shows price consolidating in a wave iv flat correction within a broader bullish structure on the 4H chart. The pair is holding above the 0.382 Fib support at 1.32855, which aligns with the base channel support and keeps the medium‑term uptrend intact. As long as this zone … Read more
This DXY Elliott Wave analysis examines a 4H wave (2) zigzag correction within a larger bullish wave (1) impulse, highlighting the support cluster around prior wave‑1 lows and the 0.618 retracement. Wave structure and context On the 4H chart, this DXY Elliott Wave analysis labels the advance into the recent high as wave (1) and the current decline as … Read more
Gold Elliott Wave Analysis on the 15-minute chart shows wave 4 consolidation completing. Expecting pullback to key Fibonacci levels before continuation of the bearish move. Target: Break below trend line confirms Gold Elliott Wave Analysis bearish continuation lower. Key Levels: XAUUSD (CFD – 15M): MGC Futures (15M): Pullback to Fib levels provides short entry. Trend line break confirms bearish continuation. … Read more
