• 683 days Will The ECB Continue To Hike Rates?
  • 683 days Forbes: Aramco Remains Largest Company In The Middle East
  • 685 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,085 days Could Crypto Overtake Traditional Investment?
  • 1,090 days Americans Still Quitting Jobs At Record Pace
  • 1,092 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,095 days Is The Dollar Too Strong?
  • 1,095 days Big Tech Disappoints Investors on Earnings Calls
  • 1,096 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,097 days China Is Quietly Trying To Distance Itself From Russia
  • 1,098 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,102 days Crypto Investors Won Big In 2021
  • 1,102 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,103 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,105 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,106 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,109 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,110 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,110 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,112 days Are NFTs About To Take Over Gaming?
Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

Dynamics of a WXY Elliott Wave Structure

In this educational video, we are going to take a look at (W)-(X)-(Y) Elliott wave structure which is one of the most important structures in the market. It is a 7 swing Elliot Wave structure and is commonly known as a double zig-zag but we would like to point out that every (W)-(X)-(Y) structure is not a double zig-zag. For it to be a double zig-zag, the internal structure needs to be a 5-3-5 - 3 - 5-3-5. If not, then it's a double corrective or double three Elliott wave structure. We also take a look at Silver 480 minute chart from 1/21 peak so show a WXY structure in progress expected to complete between 15.51 - 15.08. It could close a cycle from 1/21 peak in this area or bounce in 3 waves and then turn into a triple three (11 swing) or WXYZ Elliott Wave structure.

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment