Cycle Theory and Wave Analysis

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys. 💋Well, let's continue develop ourselves???💪🏻

Ok, now let's start from the few words about theory of cycles💪🏻

🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this classification.✔

💥If you wanna be successful trader, you need to understand this method of analysis💥

☝🏻 The trend (impulse waves) has a 5-wave structure (waves are indicated by the numbers 1,2,3,4,5, A, B, C) and consists of impulse waves and correction.

📌 Impulse Waves 1,3,5

- longer than correction waves
- show the direction of the trend

📌 Correction Waves 2 and 4

- has a 3-wave structure (a-b-c)
- show the direction opposite to the current trend

☝🏻 1st, 3rd, 5th impulse waves have a 5-wave structure of their subwaves. Correction waves (2 and 4) have a 3-wave structure and are denoted by A-B-C.

📌 Signs of a trend reversal in terms of wave analysis are:

- finite diagonal triangle
- extended 5th wave
- truncated 5th wave

👉🏻The 2nd and 4th waves are corrective. The movement on these waves takes the form of the following correction models:

- zigzags (5-3-5) (Zigzags) or simple ( zigzag ) correction
- planes (3-3-5) (Flats) or flat (flat) correction
- triangles (3-3-3-3-3-3) (Triangles) or triangular correction
- double triples and triple triples (combined structures)
- incorrect correction

In fact, wave analysis has nothing to do with the market. At least in the modern world.
This theory once worked, but not now.

☝🏻Although it attracts a lot of people with its simplicity and visibility.

Now you will not find two wave operators, that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today.

Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior.

💥If you use it, then be extremely careful. To say, that wave analysis doesn't work is too subjective. Each for himself decides what and how to use.
😆Right or wrong - the market will judge by adding or taking money to the account.😆

🤔I hope I have clearly explained you my vision of wave analysis, if you are interested, you can study this method more deeply.💪🏻💪🏻

😸Subscribe and don't forget to put like to my enthusiasm, I try for you😉😉😉

Stay with me🌞

Kiss You 💋
Your Rocket Bomb🚀💣
Comment: New Edu Post !💋

Write me if you need VIP 🤑 signals 👉🏻
Also Join me in👇🏻:


Thanks for sharing your idea!
+1 Reply
RocketBomb Tabasco777
@Tabasco777, ❤️❤️❤️
Thanks for helping us 🤍
+1 Reply
RocketBomb IamPhoenix33
@IamPhoenix33, I'll do it with great pleasure ❤️
Nice post Rocket!
+1 Reply
RocketBomb aBitLong
@aBitLong, appreciate your attention😘
Thanks for the science
+1 Reply
RocketBomb traveller59
@traveller59, welcome ❤️
🔥 laborious girl 🔥
+1 Reply
RocketBomb Pps33_Day
@Pps33_Day, thanks as always, dear ❤️
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out