Welcome to 2021, a new year to continue planning trades using the Elliott Wave theory. Knowing value areas is a crucial area on technical analysis needed to become a successful trader and analyst. A common principle of investing is to buy low and sell high. But it is difficult to know when the price is low or when it is high. It is all relative. In a bullish trend, a low price happens during a corrective wave. Inside a channel, a low price is when it fails to break out the channel’s bottom. The Elliott Wave theory is the perfect assistant to let us know the market valuation to find the best areas to perform our magic (triggering the trade).
This week is the real first week of the year on the financial markets because most institutional traders are back in business after the holidays. In this video, find our market view on EUR/USD – SPX500 and XAU/USD.
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