How to Use Channels In Elliott Wave Theory

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In this time of the year, a lot of traders are away from their trading desks as markets can be very tricky and hard to predict. As such, we at www.ew-forecast.com decided to record an educational video which may help to a lot of traders, especially those who are using an Elliott Wave Principle.
In today’s video we will show you how channels can help you to identify a direction and strength of a market moves, combined with Elliott Wave technique. The most important question in Elliott Theory is: “Is this only a corrective retracement (correction) or start of a new trend (impulse)?! Well, channeling method presented in the video can definitely help you with that, which will also be used on Aud/Usd pair.

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About Author

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!

1 Comment

  1. Cursos de Forex on

    Muy bueno el vídeo de análisis explicando la teoría de Elliot. Muchas gracias por la info. Esperamos nuevo videos.