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 Welcome back to daily blogs with ValidUS!!  Trading education is the passport to the future for tomorrow belongs to those who prepare for it today. It's truer than ever knowledge is power. We are delighted to have you back on our daily educational blogs with ValidUS.  Join ValidUS and attend our trading educational webinars free of cost!!!! Today we'll study about Elliott's wave theory in Forex. Welcome to the Elliott theory overview. Elliott wave theory is a method of analysing cycles in the stock market. It's probably the most all-encompassing, sophisticated form of technical analysis ever developed. You don't have to know all the details, but we will cover what we feel is essential to a successful trader. It's based upon identifying patterns in the stock market to identify where the cycle may repeat by understanding the patterns and where the market is in the current cycle. Elliott theory can be used to forecast future market movements, type of Elliott, wave

 Welcome to daily blogs with ValidUS !! ValidUS is back with another interesting, informative blog to increase your trading knowledge in Forex. It's an honour to share this piece of information with y'all since we want to educate every trader to trade wisely and make better trading decisions.  Join ValidUS Today!!! Today you will read about rectangles and channels. Besides triangles, you could also get the formation called channels and rectangles. A rectangle is precisely what is seen as a channel that develops when your support line is running horizontal, and you have range trading, so your trend line is also running out. A horizontal channel is formed between parallel support and resistance lines. This pattern usually indicates a relatively tough trend up or down, with the price stay within the lines until a breakout. A breakout from a channel specifies either a reversal in the trend or a change in the slope of the current trend. So you can get a breakout going up. When you g

 Welcome to ValidUS daily blogs!! We're happy to see you back here. The best traders know that patience is the key to making successful trades. At ValidUS we provide the skills you need to be a professional trader and know your true power to attain financial fulfilment. Be a part of ValidUS and enjoy trading at a whole new level.  Today we'll talk about the remaining triangles of the chart patterns. Buckle up and keep your mind open to the incoming knowledge. Now there are specific variations of triangles that can occur, namely ascending and descending. An ascending triangle has a horizontal resistance line and a descending angle. A descending triangle has a horizontal support line. Remember: one price is moving up. This would be your resistance line, and this would be your support line. One price moving down. This is your resistance line, so, as you notice in a downtrend to form the triangle, you are in an uptrend. You have the horizontal line here to support the channel with