The “personality” of a third wave shows itself in recent market action. Third waves are wonders to behold. They are strong and broad, and the trend at this point is unmistakable. … Third waves usually generate the greatest volume and price movement … .
The U.S. Dollar’s 2014-2015 Rally
July 4, 2015 by Leave a Comment
Let’s look at the 2014-15 Dollar rally and how the Elliott Wave Principle applies to Currencies and Foreign Exchange (Forex). I always say trading forex markets is like riding a bike — except that said bike has one flat tire and the ground beneath it is covered in ice.
So why is Forex so popular, you might ask? In fact, forex is the most liquid market on earth, where trillions of dollars change millions of hands every day.
The reason people are so willing to ride that bike — so to speak — is because if you can stay on, the rewards are often unmatched. The trick, of course, is staying on.
