This week, markets have been sideways and under pressure due to two great fundamentals: US mid-term elections and the CPI report on Thursday. The technical analysis objective is getting an edge to make money in the markets. The first step is finding a bias. The Elliott Wave theory is a tool that gives a high probability price direction. The second step is validating the end of the wave to trigger the trade, and the third step is managing the active trade. If the trader has problems in one of the steps, achieving success will be impossible. The mechanism needs to be synchronized to ensure that all parts work precisely.

You can master the three steps by gaining good experience and watching our market analysis. We love teaching trading in the live markets to empower your trading career. This week we are talking about the SPX500 and EUR/USD.