UK Long Gilts: Quick Elliott Wave Lesson
by Editorial Staff
Updated: April 20, 2022
We often get asked if Elliott waves work in markets other than the mainstream, major ones.
The answer is a resounding yes. The waves track investor psychology, so anywhere you have a group of investors buying and selling, chances are you'll also find a certain rhythm -- Elliott wave rhythm.
For example, U.S. Treasury yields aren't the only ones that have been rising -- so have yields of the UK bonds (as their prices fell). And just like here in the U.S., you can find plenty of "fundamental" explanations for the rally -- but watch how a simple Elliott wave pattern warned of these developments as the recent push up was just starting.
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