Elliott Wave Forecast Team
ElliottWave-Forecast.com
Hello fellow traders. Here is the chance to test your Elliott Wave knowledge again and eventually make some improvements. You probably know that we do a lot of free educational blogs, presenting various Elliott Wave Patterns through real Market examples. We also constantly teach our members through our services like Live Sessions and 24h Chat Room. So ,if you follow us , chances are that you'll be able to answer on all questions correctly. Now let's check how good are you at recognizing Elliott Wave Patterns. In this short quiz we're going to take a look at past Elliott Wave chart of EURGBP published in members area of www.elliottwave-forecast.com and challenge you to answer correctly on 3 questions.
EURGBP Elliott Wave 1 Hour Chart 6.8.2017
Take a close look at the price structure and try to answer on the questions below:
I : Wave 4 red correction is labelled as which Elliott Wave pattern ?
1) Triple Three Pattern
2) Flat pattern
3) Zig Zag Pattern
II: What's the inner labeling of wave 4?
1) (w),(x),(y) blue
2) (i),(ii),(iii),(iv),(v) blue
3) ((a)) , ((b)), ((c)) black
III: Wave ((b)) black has ended on 06/05 peak , and it's labeled as:
1) Expanded Flat
2) Double Three
3) Triple Three
Win the potential discount
Send us the answers to [email protected] and win 30% Discount on any Subscription Plan you choose. These discounts are available only to new members who send the correct answers. Existing members can get discount on Educational Seminars.
Note: number of discount codes is limited so you need to hurry up. We're going to answer on every E-mail we get , giving you correct answers with explanation , hopefully helping you to improve understanding of Elliott Wave Theory.
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Editors’ Picks
EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
EUR/USD edges lower during the Asian session on Friday and moves away from a two-week high, around the 1.0740 area touched the previous day. Spot prices trade around the 1.0725-1.0720 region and remain at the mercy of the US Dollar price dynamics ahead of the crucial US data.
GBP/USD trades on a softer note below 1.2530 ahead of US PCE data
GBP/USD trades on a weaker note around 1.2502 during the early Asian trading hours on Friday. The modest rebound of the US Dollar weighs on the major pair despite weaker US GDP growth numbers. The US Personal Consumption Expenditures Price Index data on Friday will be in the spotlight.
USD/JPY jumps above 156.00 on BoJ's steady policy
USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 core inflation forecasts, disappointing the Japanese Yen buyers.
Editors’ Picks
EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
EUR/USD edges lower during the Asian session on Friday and moves away from a two-week high, around the 1.0740 area touched the previous day. Spot prices trade around the 1.0725-1.0720 region and remain at the mercy of the US Dollar price dynamics ahead of the crucial US data.
USD/JPY jumps above 156.00 on BoJ's steady policy
USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 core inflation forecasts, disappointing the Japanese Yen buyers.
Gold price flatlines as traders look to US PCE Price Index for some meaningful impetus
Gold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index.
Sei Price Prediction: SEI is in the zone of interest after a 10% leap
Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.
US economy: Slower growth with stronger inflation
The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.
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