When x wave is over it might be good to go long for another leg up
Big wave degree in thnis chart is blue a or 1 and one lower degree is orange impulsive wave 12345 The struggle here in this time is after wave a or 1 is done on blue degree, the correction starts but as of now it is impossible to know if the correction that has started is the one lower degree (orange) wave a or even one more lower degree a can is the part of...
İn this Education I want to talk about Triple Combinations Channeling component... In this possible example If this is indeed a triple combination that starts with zigzag price has to respect some channeling rules... first you should connect the 2 b waves and extend the trendline so the future price action can give you the 3rd b wave... 3rd b has to be on the same...
Still on the X wave... Consolidation period.. Should wait to see more action for waves...
As of now we are in the b wave of dark blue degree... Lets see how far it will retrace before starting the wave c...
İt is not possible to predict what kind of waves will finish wave a on the bigger degree but once it is done, we need a wave b lower...
Since price action did not confirm the fact that yellow degree abc is a simple correction, The wave that has started after yellow C wave has to be a big X wave Orange degree is the bigger degree and we are on the orange b degree as of now after that is done we can go up as a wave C on orange degree
1 of the misunderstandings about triangle b-d trendline retest is, Price action has to retest bd trendline after it breaks it... This idea generally true however if the price action after the triangle is an impulsive wave for example wave a of a zigzag retest is not a must...
We are still on wave e of the bigger picture... Looking for lower time frames for trades
After the bigger wave b in has been completed, the same degree of wave is now wave C in blue This means we need an impulsive move because wave c is always in a flat or zigzag is a impulsive move İmpulsive move can be terminal on the wave c or a classical impulsive move Price action so far looks like a terminal move thus on the lower degree we are looking at...
Waiting for the lower time frame for the entry... I wanted to show to you some of the concepts that I see no not so many uses in this chart For examples Triangles DOES NOT have to move between BD AND ACE trendlines There are special types of them that can move between ce or ae Special types can only occur on the contracting triangles...
Hello Everyone, Whenever you trade an impulsive move in our case wave a of he zigzag, you need a 1 wave that is extended between waves 1, 3 or 5. In this example wave 3 is the biggest and the extended wave, to clearly identify this we have to take fib of Wave 1 and check if the wave 3 is min. 161.8 of the wave 1. In our case this is happening so then we have to...
When the triangle finishes at the end of complex correction, it means it is a non limiting triangle... The rules say, triangle forms between ace and bd trendlines and on non limiting triangles ace trend line can never be clean and in this case e wave of the triangle breaks ac trendline and makes it how it is supposed to be what we should do is to see if e wave...