What Is Elliott Wave Theory Trading? Elliott wave trading analysis and strategy were invented and introduced by Ralph Nelson Elliott. He analyzed the data from the stock market dating 75 years back. It was from this analysis that Elliott discovered and was able to conclude that the financial markets […]
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BTCUSD is making a break above the median line of the long-term Pitchfork channel On the Weekly BTCUSD chart, we can see that the pair is breaking above the long-term uptrend Andrew’s Pitchfork channel median line resistance 16800 and is testing the rectangle resistance 20000 for an extension higher
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GBPJPY did made a sideways break above the long-term Pitchfork channel On the MONTHLY GBPJPY chart, we can see that the pair is breaking above the long-term downtrend Andrew’s Pitchfork channel resistance 153 and has bounced off the channel resistance retest 134 to extend higher. We saw a perfect
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GBPUSD bouncing of the median channel line again On the MONTHLY GBPUSD chart, we can see that the pair is bouncing from the Median line of the long-term downtrend Andrew’s Pitchfork channel support 1.15 and is on a way to extend higher. We saw a perfect bounce off this
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AUDJPY consolidating above the broken channel On the weekly AUDJPY chart, we can see that the instrument has broken above the long-term Andrew’s Pitchfork channel resistance 73.20 and is on a way to extend higher to 86. We saw a perfect bounce off this support and the pair seems
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