On February 28, 2025, long before the “Liberation Day” tariffs, Currency Pro Service editor Michael Madden recorded a video for his subscribers with this chart and forecast:
“5 waves down from 1.0529 will complete this pattern. From there, we’ll expect a dramatic reversal to kickstart a third-of-a-third advance. At this juncture, keep the immediate focus lower but on the lookout for wave ii to end.”
Result: EUR/USD followed the Elliott wave script to perfection, reversing sharply and SKYROCKETING above $1.18.
EWI Founder Bob Prechter calls third waves “wonders to behold” since they are often the longest and most powerful portion of an impulse pattern. Of the five waves in an impulse, the third wave is the one you want to catch.
The March issue of Global Market Perspective identifies more than 20 markets in third waves. You can see these third-wave setups — and how we apply the Wave Principle to 50+ markets — inside our State of the Global Markets FreePass event.
