Last Wednesday (Feb. 15), the financial world was awaiting the results of the latest Greek bailout negotiations. The opinions of its effects were divided.
That's a major shortcoming of the "news-driven" market approach: First, you must wait for something to happen -- and only then react.
Elliott wave analysis, on the other hand, allows you to make probability-based forecasts without relying on the news.
Watch this Feb. 15 video where Jim Martens, the editor of EWI's forex-focused Currency Specialty Service, looks at Elliott wave patterns in USD/CHF, EUR/USD and GBP/USD and explains why he turned bearish on the U.S. dollar days before the Greek bailout was finalized.
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