Live Broker Spreads
The Elliott Wave theory is one of the most popular subjects in trading and many traders claim that it actually works, so you better pay attention to this lesson. As a forex trader, you obviously want to know when to enter and when to exit the market. Mr. Elliott’s theory might give you some clues.
The flag patterns are continuation patterns, which means the price enters a brief consolidation period before it continues in the trend direction. Traders would expect to recognize bullish flags on up trends and bearish flags on down trends.