1 / 4

Forex Strategy Professional Review

A trader should expect the correction to be formed only when the market fails to create a new lower low in case of an uptrend and new higher high for down trend.

Download Presentation

Forex Strategy Professional Review

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. http://investmentforex.org

  2. http://investmentforex.org

  3. http://investmentforex.org

  4. In the above figure, 100 days moving average and 200-day moving average is used for the identification of the trend. The 100-day moving average is below the 200 days moving average which indicates that the prevailing trend is a down trend. After a long move in the south, the pair fails to create a new lower low which indicates that a possible correction is coming. Here the moving average helps to identify the corrective wave of the Elliot wave theory. a ,b and c are the corrective Elliot wave and the green line capped the correction of the pair. http://investmentforex.org

More Related