Watch 123 Formation at the End of Elliot Wave Monday 25-5-2009 Ellit Waves Ended with a 123 Formation Trade 123 formation is one of the patterns that works and accurse frequently, you'll find it in the end of Elliot Waves, it doesn't mean that every Elliot Waves ended with 123 formation, but you can say in most cases it does. This trade started Monday early morning, in EURUSD 5 min frame time. the 5 Elliot Waves are so clear like you see in the chart, after the fifth wave, there was a strong pullback which went beyond the wave 5 started points, which mean that our count for the waves is correct and there is no Elliot Waves any more, and we have to start counting for new Elliot Waves, and we were right, point No. 3 was just a pullback for the first new wave. Also take a look at the divergence in the stochastic, I made a red circle around it to make it clear, it gave a very good conformation for Elliot Waves ending.   One More Identical 123 Formation      In the next day Tuesday May 26, there was another Elliot waves followed by a 123 formation, like you see the one we have here is identical from the previous one we had yesterday, it tells how 123 formations frequent is. And notice the divergence in the stochastic which point to waves 4 and 5, divergence gives a very strong signal for the last wave in the Elliot Waves. Here I made a Yellow line for the 3 impulsive bearish waves, Fibonacci Expansion doing a very good job with drawing the 3 points and drawing the trend target too. It's very good and powerful tool. Check our Forex Chart Pattern Calculator Recent Articles Recent Trades Elliot Wave & Charts Pattern Elliot wave is one of a very successful and common method of trading, it depends on the psychology of the traders Best Forex Brokers List of best forex trader, read review and information about forex brokers, you can learn more from our tips and tricks section.  Valid Gartely Gartely pattern started to form, it's a bearish one, started with a strong impulsive wave Perfect Wolf Wave Chart I want to start this weekly recap with this perfect Wolf wave chart, this chart impressed me  Perfect Chart It's rarely to see a pattern obeyed the rules just as written in the books, check this one. Watch 123 Formation in the End of Elliot Wave 123 formation is one of the patterns that works and accurse frequently, you'll find it in the end of Elliot Waves Elliot Wave Ended with a 123 Formation 123 formation is one of the patterns that works and accurse frequently, you'll find it in the end of Elliot Waves Confirmed Pattern with Divergence It's a crab chart pattern, the first pullback wave stopped at 38.2 Fibonacci level, and the second pullback level stopped at level 78 Free Trading System This simple system is working based on an indicators pattern, when you recognize the pattern in the indicators, it'll be easy MT4 Back testing Generate a history data for your system to make sure that system works fine with you Save your pattern trade from failure Recognition charts is not enough to trade successfully, Trades with Divergence confirmation there was a chart moves didn't confirm with the stochastic, Day Trading Updates Check the latest and current chart pattern we have