Technical Indicators - Elliott Wave

Elliott Wave theory states that prices move in waves. These waves occur in a repeating pattern of a (1) move up, (2) then a partial retracement down, (3) another move up, (4) a retracement, (5) then finally a last move up. Then, there is a (A) full retracement, followed by a (B) partial retracement upward, then (C) a full move downward. This repeats on a macro and micro time frame. A visual illustration of the basic pattern of the Elliott Wave is given below. A real life example of Elliott Wave in action is given further down:

Today's Forex Prediction - July 27, 2010

PAIR	TODAY'S PREDICTION
	MAX	MIN
EUR/USD	1.3069	1.2897

See : How To Applying My Prediction

Yesterday Prediction Rate : ACCURATE (Error < 50pips)