Most financial markets, including Forex and Stocks, have cycles that are determined by various repeating patterns. That is why we have cycle indicators that help us spot and take advantage of these cycles. However these indicators are recommended for advanced and experienced traders, because they are very hard to spot and use properly.
The Elliott Wave is an extremely complicated Forex indicator. Some advanced traders use the Elliot Wave as a core element of their trading strategies. Can you spot the wave?
The Fibonacci theory is very well-known for its various applications. When it comes to Forex, the Fibonacci ratio is used to build strong levels, fans, arcs and many more.
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