hehe

$GBPUSD - Elliott Wave Principle - a short course.

FX:GBPUSD   British Pound / U.S. Dollar
1753 4 15
Original title of the first edition is: "Elliott Wave Principle. Key to Market Behavior". It's a very simple key. Good advice - buy the book and read it. Do not use the nonsense contained in the network.

There are three basic rules:

Rule 1: Wave 2 can not retrace more than 100% of Wave 1
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1

The first wave may be, for example ... a triangle.

For a proper labeling the waves, use:

http://elliottwavepredictions.com/degree-of-trend-color-codes/

To be continued....
Nice Job

Bullseye!
Reply
I'm still learing EW but I think this could be wave 4.
Reply
hehe traderWgun
It's not my pair. chart was educational. But .... imo .... it looks like a return to the triangle.
Reply
...a small error:
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out