Short-Term Uptrend on EURUSD Oct 20, 2014
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.
MACD
AUDUSD Reversal Chart Formation – Oct 14, 2014
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over.
EURUSD Descending Trend Line – Oct 7, 2014
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs.
Learn to Label Elliott Waves More Accurately
Are you looking for an easy way to improve your confidence as you analyze the charts you trade? Take a quick look at this chart (adapted from Jeffrey Kennedy’s December 26 Elliott Wave Junctures lesson) to see how divergence relationships help clarify your analysis.