ActivTrades: A Broker That Aced The Test of Time
Are you looking for a reliable and trustworthy broker for your trading needs? Look no further than ActivTrades! In this review, we’ll dive into why ActivTrades is a top choice for traders worldwide.
Skilling: The forex broker you can’t afford to ignore in 2023
If you are thinking about opening an account with Skilling, you might be wondering if it’s the right choice for you. In this Skilling Broker review, we will take a closer look at the broker’s fees, trading platform, customer support, and pros and cons to help you make an informed decision. Founded in 2016 in …
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Silicon Valley Bank: SVB collapse and the lesson to learn
SVB Financial Group (SIVB) – the parent company of the Silicon Valley Bank, collapsed literally within two days? How come such a giant company with nearly $200 billion worth of deposits be in a mess just like that? SIVB stock price by TradingView The answer has three facets: SVB collapse (in a nutshell) Key takeaways …
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WXY Correction: Rules, guidelines and a top example (2023)
WXY Elliott wave is a 3-wave corrective formation which is also known as the “Double three combo”. It is called a “double three” because it includes 2 main corrective waves (W and Y) combined by a sub wave (X) in between. WXY correction can be similar to an ABC correction because they both consust of …
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Predicting the Forex, Crypto Currencies, and Financial Markets
I recently watched a documentary about the Veeries – a type of bird in northern North America. A research study has shown that the Veery can predict the severity of the hurricane season better than the meteorologists, months ahead in time. Unbelievable right? But it’s true… There is a strong correlation between, how soon or …
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5 Essential Technical Analysis Methods
The purpose of technically analyzing a price-chart is to possibly forecast the direction and the movement of price. There are hundreds if not thousands of technical indicators freely available for the purpose of technical analysis. This makes it difficult to chose the right method or tool for trading, specially for beginners. Even worse, I’ve seen …
Confluence in Trading: 5 amazing insights to maximize trade profits
Confluence in trading means to integrate multiple strategies, tools and forecasting methods, into one complete trading system. Every indicator and tool serves a unique purpose. For example, a moving average is useful to identify the direction and the trend of price over a period of time… and only that! We know that any MA crossover …
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WXYXZ Elliott wave: Rules, Formation, Examples (2022)
WXYXZ Elliott wave is a 5-wave corrective formation which is also known as the “Triple three combo”. It is called a “triple three” because it includes 3 main corrective waves (W,Y and Z) combined by 2 sub waves (2 Xs) in between. This particular wave correction appears in a prolonged sideways market. Or perhaps it’s …
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What is a corrective wave?
A corrective wave is the counterpart of a motive wave. The net movement of a corrective wave, although not always, is against the preceding motive wave. Let’s think of it as a phase for the market to rest and regroup, before it commences the subsequent impulse wave. This is the most important part to learn …
Silver long term wave analysis and forecast
The price of Silver, one of the most heavily traded precious metals, is at an interesting point. Because the B wave of the weekly correction is potentially over. Long-term forecasting of the silver chart is no easy task because: Preferred Elliott wave count and forecast of the XAGUSD weekly chart This is my preferred count as it …