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.
With price action you analyze the price itself rather than watching indicators and fibonacci levels. The candlesticks on the chart are actual buy and sell orders on the forex market. We believe it is more beneficial to analyze the orders instead of some magic numbers generated by indicators.