hey guys,
This video was intended to be a video analysis for NIO but quickly turned into a full blown elliot wave educational video for a follower of mine peterpecker. i go over fibonacci extensions and retracements and quickly on complex corrective structures and some rules as well. this is a quick look into elliot wave theory.
I didnt go over it in the video but you can also see how elliot wave with fibonacci targets actually build some of the chart patterns that we see, like the famous head and shoulders or the bull flag (seen in the complex corrective wxyxz structure i showed at the end).
its all about perspective. I hope this helps you in your trading adventures.
good luck and happy trading
Rigo
This video was intended to be a video analysis for NIO but quickly turned into a full blown elliot wave educational video for a follower of mine peterpecker. i go over fibonacci extensions and retracements and quickly on complex corrective structures and some rules as well. this is a quick look into elliot wave theory.
I didnt go over it in the video but you can also see how elliot wave with fibonacci targets actually build some of the chart patterns that we see, like the famous head and shoulders or the bull flag (seen in the complex corrective wxyxz structure i showed at the end).
its all about perspective. I hope this helps you in your trading adventures.
good luck and happy trading
Rigo
Comment:
i will be doing an actual update for NIO tomorrow night. sorry