The GBP/USD made a bearish bounce at the 61.8% Fibonacci retracement level, which seems to confirm the wave D (green) of a larger contracting triangle pattern. The GBP/USD completed a bullish ABC ...

EUR/USD broke the support trend line (dotted green) after completing 5 strong bullish waves.The old uptrend has been replaced by a new downtrend. The EUR/USD broke the support trend line (dotted green ...

USD/JPY has been in a range for several years. Price action is probably unfolding in an ABCDE triangle chart pattern (purple). The USD/JPY has been in a range for ...

As we shared with readers two weeks ago, Elliott Wave theory postulates that corrections often occur in a 3-wave pattern. The benchmark is now completing the "B" wave, with the "C" wave likely coming ...