Larry Pesavento is a very respected market technician who has been trading since the 70's. Here we talk about why he thinks pattern recognition systems like Elliott Wave and Fibonacci work well, especially in the currency markets. He also talks about where he thinks the market is headed over the next few weeks and why. Larry is a master teacher as well, training hundreds of traders pattern recognition at TradingTutor.com. He has written several books including Fibonacci Ratios with Pattern Recognition and Profitable Patterns for Stock Trading. But make no mistake, Larry is a die-hard trader first and author/teacher second.

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Tim Bourquin is the co-Founder of the Online Trading Expo and the Forex Trading Expo, and CEO of TNC New Media, a tradeshow and online media company.  Register to attend the largest convention for foreign currency traders, the Forex Trading Expo, by clicking here.