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Welcome to the Wave FX Academy. We provide educational materials to traders, while sharing our knowledge and experience.
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This is the alternate view, based on the market consolidation.
Forwarded from Wave FX || Exclusive Trading Room (Mentor Samore)
https://www.tradingview.com/x/kjdbEWe7/

GbpJpy Alternate Scenario.

This is why I love pending orders.

If you view the previous anaysis here. I had a bullish forecast with Wave A and B completed looking for wave C.

In this scenario you are seeing a completed wave ABC and 1st impulse down. Price movement over the past hour was pure consolidation, which makes me more inclined with this scenario.
https://www.tradingview.com/x/DpVXTRa6/

GbpJpy Trade Update. VEry Interesting development for the Pound Yen. Let’s see how it will unfold.
https://www.tradingview.com/x/dsZbbbf5

Understanding the market is very simple.
Remember it only has 2 stages
Impulse πŸ“ˆ - Correction πŸ“‰

After an impulsive expect a correction, after a correction expect an impulse.

Current view of USDJPY
https://www.tradingview.com/x/2bAhdAHN/

Gold Trade Update:

Yesterday I share with you the potential of a correction before the next breakout out on Gold. As expected, we got that correction. This would have provided added buying opportunities, to capitalize on the trend.

Analysis posted yesterday➑️Link

This is where we are today. Another 200+ pips move πŸ˜βœ…

Kudos🀟, if you were able to make some money πŸ’°from my analysis.

If you need help with your trading journey, feel free to communicate with my via my bot ASK WAVE FX
https://www.tradingview.com/x/YtkGLm8O/


Goodnight. Here is an analysis of NIKE (NKE) listed on the NYSE.

I promised to do and share my analysis on this based on a question i was asked on an interview i did last night. I will also share a link to the interview here as well for thos ewho missed it.
​​Good morning my trading colleagues.
It's time for another quick lesson on Elliot Wave PrinciplesπŸ„β€β™‚οΈ.

πŸ‘¨β€πŸ«Today I want to start looking at corrections.
This is generally the most complex part of the wave theory and the hardest to identify.
Remember the market's 2 stages (waves)
Motive and corrective.
Motive waves:
Impulse
Diagonal

Corrective waves:
πŸ”ΈοΈFlat
πŸ”ΈοΈIrregular
πŸ”ΈοΈ ZigZag
πŸ”ΈοΈTriangle

Today we're looking at Flat correction.
Attached to this message ⬇️ is an example of a flat correction.

Save isπŸ“₯, share itπŸ“§, remember it🧠.
Know when the market is correcting. This helps you to join the trend early once it resumes.βœ”
https://www.tradingview.com/x/o94MKOxJ

Current market conditions for USDCAD

Here we can see that we had a leading diagonal for wave (i) and a flat correction for wave (ii).

Inside the flat correction, we have the c wave created an ending diagonal.

This is a clear indication that the trend will continue.