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William Gann was born in 1878. Trying hand at stock exchange where he used his own funds, he released that a special expertise is required to trade. He researched the market and could calculate a precise time of reversals even for the year before.

Elliott waves for Forex correlation analysis

2024 EURUSD GBPUSD USDJPY
18
7月

The assumption about the completion of the upward impulse movement turned out to be incorrect. After a slight pullback, the price went up again and renewed the previously established high. The current situation now looks very much like an impulse with an extended wave 3, where the final part is cu

The British pound, like the euro, decided to maximize the favorable situation. Another surge led to a new high, after which an immediate pullback began that may continue to develop during the remaining days of this trading week. It is assumed that wave 1 has completed its development, and now a co

The situation for this pair suggests that the upward impulse might already be completed. Furthermore, during the previous trading day, the initial downward impulse almost entirely developed. Therefore, it is necessary to look for opportunities to enter sell trades as the trend has likely changed.

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7月
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