Elliott Wave Theory. Continued.

Wave 1.

The online forex trading currency market makes the first leap upward. Typically, this spike driven by a relatively small number of people who suddenly felt (for many reasons) that the price in the market is small, and it's time to buy. This leads to higher prices.

Wave 2.

At this stage, a sufficient number of people who bought at the first stage, decide that the price is inflated, and it's time to benefit.This leads to a fall in prices. However, the market will not return to the lowest price the first wave.

Wave 3.

It is the longest and strongest wave. The market drew the attention of the masses. More and more people know about it and want to buy. This leads to continuous improvement in the price. Prices of the third wave, as a rule, exceed the level achieved during the first wave.

Wave 4. Users benefit because it is considered that the market is price hike. This is a weak wave, because the market there are still many people waiting to raise prices.

Wave 5.

At this stage, many masters hysterics, as market prices to be inflated. You can easily absorb the large companies, not asking you for permission. Opposing investors are beginning to reduce their fee should be in the market, and it all starts from the beginning.