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Elliott Wave Theory is a form of technical analysis used by traders to predict future market movements by identifying patterns in price charts. It was developed by Ralph Nelson Elliott in the 1930s. Elliott believed that market prices move in predictable patterns, which he called waves. ### The Basics of Elliott Wave Theory Elliott Wave Theory is based on the...

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In analyzing the gold chart using Elliot Wave theory, a pattern emerges that aligns with the concept of an ending diagonal consisting of five waves and five subwaves. This pattern is indicative of market sentiment and can be influenced by various factors, including economic crises and geopolitical tensions such as those arising from conflicts like the...

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The DXY chart refers to the US Dollar Index, which measures the value of the US dollar against a basket of major foreign currencies. Elliott Wave theory is a form of technical analysis used to forecast future price movements by identifying repeating patterns in market trends. A brief description of an Elliott Wave forecast for the DXY chart might look something...