• 13 hours Is This The World’s First Truly Democratic Stock Exchange?
  • 16 hours India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 19 hours First Quarter Profits Slip For World's Top Oil Companies
  • 21 hours The Yuan May Be China's Biggest Weakness
  • 2 days Hedge Funds Having A Banner Year
  • 2 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 2 days BHP Turns Bullish On EVs
  • 2 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 3 days The $90M Inflatable Rabbit Redefining Modern Art
  • 3 days Huawei’s Fate In The Air
  • 3 days Tesla Slashes Prices Again
  • 3 days The Modern History Of Financial Entropy
  • 4 days Italy’s Central Bank Embraces Sustainable Investing
  • 4 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 4 days Researchers Push To Limit Space Mining
  • 4 days Could China Start Dumping U.S. Treasury Bonds?
  • 5 days Is Winter Coming For HBO?
  • 5 days Rise Of EVs Signals Peak Gasoline
  • 6 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 6 days Gold Mining Stocks Stuck In Limbo
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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

EURUSD: Wave X Connector - Double Three Pattern

Wave X connector might take form of any corrective structure: Zig-Zag, Flat, Double Three, Triple Three, Triangle, etc.

As EWF clients already know, Double three is one of the most common patterns in the Market nowadays. It's labeled as WXY and wave subdivision is 3, 3, 3, which means all of these 3 waves are corrective sequences.

In this blog we're going to take quick look at EURUSD Elliott Wave analysis from 9.16.2015 to see what WXY - Double three pattern looks like.

$EURUSD London Update 9.16.2015 As Elliott Wave analysis suggests, Wave X connector is taking the form of double three pattern. Inner structure is marked as ((w)), ((x)), ((y)) - black and each of these 3 waves is subdivided into (w), (x), (y) blue structure. The pair needs another marginal push lower toward equal legs-1.236 fib extension area (1.1234-1.1211) to complete wave X connector there. Once wave X is done, further rally is expected toward new highs- Wave Y.

$EURUSD London Update 9.16.2015 Chart
Larger Image

$EURUSD New York Update 9.18.2015 A few days after, we can see 230 pips rally. The pair completed X connector at equal legs-1.236 fib ext area: 1.1234-1.1211 and it produce nice rally in wave Y as expected. Note: some labels have been removed to protect clients privileges.

$EURUSD New York Update 9.18.2015 Chart
Larger Image

 


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