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EURUSD (Video): Why "The Right Look" Matters In Forex
"The right look" is an important concept in Elliott wave analysis.
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By Vadim Pokhlebkin
Wed, 08 Sep 2010 16:00:00 ET |
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"Leonardo da Vinci attributed great meaning to the Golden Ratio. He also found it pleasing in its proportions and said, 'If a thing does not have the right look, it does not work.' Many of his paintings had the right look because he consciously used the Golden Rectangle to enhance their appeal."
-- Frost & Prechter, Elliott Wave Principle, Ch. 3: "Historical & Mathematical Background of the Wave Principle."
"The right look" is also important in Elliott wave analysis of currencies and other markets. On Fridays, the editor of EWI's Currency Specialty Service Jim Martens records a new video for his subscribers. In this 5-minute video, you see how Jim applied "the right look" concept to the recent price action in the EUR/USD.