Elliott Wave pattern - Forex Market Trading Signals

What is Elliott Waves pattern?

Developed by Nelson Elliott in 1920s, this pattern indicates repetitive nature of market trend hence traders can consider future direction of trend on a certain basis, however it needs profound knowledge and experience.

This pattern is based on “Dow Theory” in wave scheme that has Fractal nature.

Through mathematical structure of Elliott Waves pattern, due to its Fractal characteristic, it can be repeated infinitely on smaller scale even within bigger pattern without any time limitations.

It is comprised of 5 major and 3 corrective waves with the following labels; 1, 2, 3, 4, 5 and a, b, c.

Elliott Wave Technical Analysis

There are diverse conclusions out of this pattern with continuation and reversal characteristics.

Despite of different conditions, frequently continuation technical analysis can be generated when 2nd wave has been formed and 3rd wave is going to appear hence traders can place agreeing orders with the current trend.

Other technical analysis from this pattern can be generated after 5th wave has formed and a reversal point is being detected. Traders can order an opposite trade against 5th trend direction that can have other confirmations by various patterns.

The reversal analysis generated from Elliott Waves pattern has extremely more validity rather than the continuation technical analysis due to the fact that continuation analysis is generated while all waves has not been yet formed.

The reversal technical analysis will be generated only after all major waves have been established.

Elliott Waves in Technical Analysis

Features of Elliott Wave Technical Analysis

Influential on all markets
Applicable on all financial markets and trading symbols
Repetitious feature
Due to its Fractal nature and mathematical structure, it can be detected in certain form numerously
Combinable with Fibonacci
Major waves can be detected by applying Fibonacci on Elliott Wave pattern
Wave recognition
Major and corrective waves can be distinguished from each other by this pattern
Continuation and Reversal
Both continuation and Reversal technical analysis can be generated based on the formed wave
Strong confirmation
Influential confirmation or rejection on presumed future direction achieved by other patterns
Concurrent Divergence or Convergence
If peak of 5th wave is higher that peak of 3rd wave, a divergence is formed
Time independent
Unlike other cyclical theory this pattern does not have certain time limit

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Our well-educated and highly experienced R&D team develops and enhances detection conditions for perfect and highly credible outcome
Advanced wave detection
By applying advanced integrated control module, our wave detection system indicates waves precisely
Apropos 5th wave detection
Valid and timely detection of 5th wave by unique and proprietary algorithm to generate reliable technical analysis
End of current trend
Generated technical analysis suggests the end of previous trend and start of new trend
Long-Term/Short-Term
Our sound technical analysis can be used on both long-term and short-term trades
Valid and substantiated signal
Valid and reliable trading signals from Elliott Waves pattern are generated with high validity and prosperity
Accurate Divergence/Convergence
Credible divergence/convergence between 3rd and 5th waves can be detected by our automated system
Combined mood
Our professional R&D team has developed an algorithm, comprised of unmatched RSI, MACD and Stochastic indicators plus sound Candlestick pattern detector, in which Divergence/Convergence is considered to be utilized on our unrivalled Elliott Waves technical analysis generator
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Elliott Waves pattern

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