Tuesday, May 5, 2020

The Implications of a Double Combination


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One of the most common patterns under the Elliott Waves Theory, a double combination involves two simple corrective waves connected by an intervening segment. It appears in various places – the second wave of an impulsive move, wave a of a triangle, etc. 

The coronavirus crisis brought a strong demand for dollars. Investors rushed into the USD safety and sent it higher across the board while the stock market lost over 30% of its value.…

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