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    ve 5 respectively. Wave 1, is the beginning wave and comes after a period of consolidation that signifies the end
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    While Elliot Waves Theory may be a complicating and sometimes controversial subject, it is easy to agree that some of the more common "counts" are universally acceptable, and are often seen across most financial instruments being traded nowadays, including forex and currencies.

    The various variants aside, general elliot wave theory tells us that there are 5 waves or sub-waves within a wave. These waves are called Wave 1, Wave 2, Wave 3, Wave 4 and Wave 5 respectively. Wave 1, is the beginning wave and comes after a period of consolidation that signifies the end

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    of the more common "counts" are universally acceptable, and are often seen across most financial instruments being traded nowadays, including forex and currencies.

    The various variants aside, general elliot wave theory tells us that there are 5 waves or sub-waves within a wave. These waves are called Wave 1, Wave 2, Wave 3, Wave 4 and Wave 5 respectively. Wave 1, is the beginning wave and comes after a period of consolidation that signifies the end

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    traded nowadays, including forex and currencies.

    The various variants aside, general elliot wave theory tells us that there are 5 waves or sub-waves within a wave. These waves are called Wave 1, Wave 2, Wave 3, Wave 4 and Wave 5 respectively. Wave 1, is the beginning wave and comes after a period of consolidation that signifies the end

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    us that there are 5 waves or sub-waves within a wave. These waves are called Wave 1, Wave 2, Wave 3, Wave 4 and Wave 5 respectively. Wave 1, is the beginning wave and comes after a period of consolidation that signifies the end
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    ve 5 respectively. Wave 1, is the beginning wave and comes after a period of consolidation that signifies the end of a 5th wave. Wave 2 is a corrective wave that comes after a wave 1. Wave 3 is an impulse wave upwards, and is often the longest of the waves, and can typically be 1.618 times that of wave 1. Wave 4 is the corrective wave that follows wave 3, correcting and diluting the gains you can get during the impulse wave 3 upwards. Finally, wave 5 is the last of the impulse wave upwards.

    Now, armed with this simple non-complicated understanding of elliot wave

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