Ralph Nelson Elliott developed the Elliott Wave Theory in the 1930s . 1 Elliott believed that stock markets, generally thought to behave in a somewhat random and chaotic manner, in fact, traded in repetitive patterns.
1. The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent...
As NFP news early this moth made a rally or impulse to the downside in OANDA:XAUUSD , now we enter in a corrective phase to fill the vast ineficiency created by this news.
As we enter this corrective phase, perfect buy zones are 1760 - 1750, and in particular 1756.5.
I suspect that the corrective phase will last 25 - 35 days.
Is perfect moment to activate EAs...